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Canadian Mining Hall of Fame South32 to buy stake celebrates excellence with new in KGHM Chilean mine for US$1.55B inductees at gala dinner HONOURS

| The industry pays tribute to five of its giants

M&A

| Sierra Gorda will be South32’s secondlargest deal since it listed in 2015

BY CECILIA JAMASMIE

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Pierre Gratton, chairman of CMHF’s board of directors, giving opening remarks at the CMHF 2021 Ceremony. CANADIAN MINING HALL OF FAME

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BY TRISH SAYWELL

he Canadian Mining Hall of Fame welcomed five exceptional individuals during its thirty-third annual induction ceremony and gala dinner in August at the Aga Khan Museum in Toronto.

The careers of industry giants Patricia Dillon, David Elliott, William Gladstone Jewitt, Steven D. Scott, and Mary Edith Tyrrell were celebrated for their contributions to the mining industry. The event was held outdoors on the terrace at the museum and due to the pandemic, the number of guests was limited to 125 in order to comply with Ontario’s health guidelines.

“It feels quite surreal to see you all here tonight — live and in person,” Pierre Gratton, chair of the Canadian Mining Hall of Fame, said in his opening remarks. “I don’t know about

you, but I am pretty Zoomed out, so it’s wonderful to be here among such great company.”

Gratton noted that he was proud of how the mining industry had navigated Covid-19 and “continued to deliver the global supply of materials integral to the items each of us use every day.”

“Our time is now,” he continued.

“Our sector delivers the critical minerals and metals needed for the global transition toward a low carbon future...Mining will be a constructive partner in the fight against climate change.” He also paid tribute to all the inductees of the Canadian Mining Hall and the group’s five newest members. “We are here tonight to celebrate our next group of individuals who make Canada’s mining industry a global leader...As exceptional leaders and champions, each of the inductees were instrumental

in growing our sector.”

Master of ceremonies Anthony Vaccaro, publisher of The Northern Miner, brought levity to the event with several hand-picked anecdotes about each inductee. Calling Patricia Dillon “a force of nature,” Vaccaro noted that Dillon has “done so much good for this industry that we are trying to find a way to clone her so that each country with a mining industry can be steered in the right direction.” Dillon was a female geologist in the 1970s, Vaccaro added, “back when being a female geologist was about as common as a Maple Leaf winning a playoff round is today.”

He also quoted from Dillon’s geology professor at the University of Toronto, who told him that the young student stood out from the crowd and truly showed a love for learnSee CMHF / 6

ustralia’s South32 (LSE: S32; ASX: S32) has acquired almost half of the vast Sierra Gorda copper mine in northern Chile, majority-owned by Polish miner KGHM (WSE: KGH) for US$1.55 billion in cash plus a contingent price-linked consideration of up to US$500 million over the 2022 through 2025 fiscal years.

Japan’s Sumitomo Metal Mining and Sumitomo Corp., which together hold a 45% stake, had said last year that they were considering exiting the operation after years of losses.

The deal marks the Perth-based miner’s entry into the world’s largest copper-producing country ahead of an expected demand boom for the metal.

Sierra Gorda is located in the prolific mining region of Antofagasta in Chile and has a production capacity of about 150,000 tonnes of copper concentrate and 7,000 tonnes of molybdenum.

It’s “a long-life asset, with sulphide reserves of 1.5Bt at 0.4% copper (contained~5.9Mt copper) and potential for future expansions, including SX/EW,” BMO analysts Alexander Pearce and David Gagliano wrote in a research note.

State-backed KGHM Polska Miedz SA, which has a 55% operating stake in Sierra Gorda, has been criticized for the steep investment allocated to developing the Chilean mine (US$5.2 billion and counting).

Sierra Gorda, which began production in 2014, has constantly failed to meet expectations due to challenging metallurgy and difficulties in using seawater for processing.

The Polish miner, which is looking to sell foreign mines and reinvest the proceeds in its domestic operations, has said it has no plans of putting Sierra Gorda on the chopping block.

M&A: NORONT PREFERS SWEETENED BID FROM WYLOO OVER BHP’S OFFER / 3

KGHM, however, has ruled out the possibility of taking on full ownership of the mine.

The open-pit mine is located at an altitude of 1,700 metres and has enough ore to support at least 20 years of mining. South32 expects it to produce 180,000 tonnes of copper concentrate and 5,000 tonnes of molybdenum this year.

The miner’s acquisition of Sierra Gorda is the second-biggest deal it has inked since it was listed in 2015, after being spun out of BHP. South32 paid US$1.3 billion in 2018 for 83% of Arizona Mining, which had a zinc, lead and silver project in the United States.

KGHM took control of the copper and molybdenum Sierra Gorda project in 2012, after completing the acquisition of Canadian rival Quadra FNX, in what was the largest-ever foreign acquisition by a Polish company.

The miner had planned to expand Sierra Gorda earlier, but the 20152016 rout in commodity prices forced the company to place the project on See M&A / 2 PM40069240

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OCTOBER 25–NOVEMBER 7, 2021 / THE NORTHERN MINER

Evolution Mining divests Mt Carlton for up to US$65M DIVESTMENT

The new miner is expected to become a new intermediate gold producer following the start of production at Aquila’s Back Forty project, located in Michigan’s Upper Peninsula. AQUILA RESOURCES

| Mine was company’s first development project, commissioned in 2013

Gold Resource to buy Aquila Resources in US$30.9 million deal | Deal would create new mid-sized gold producer in North America

M&A

BY CECILIA JAMASMIE

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Evolution Mining’s Mt. Carlton gold mine in Queensland, Australia.

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BY TRISH SAYWELL

ustralia’s Evolution Mining (ASX: EVN) is selling its Mt. Carlton gold mine in Queensland to Navarre Minerals (ASX: NML) in a deal worth up to A$90 million (US$65 million).

The gold mine, 150 km south of Townsville, was Evolution’s first development project, and was commissioned in 2013. Since then, it has generated an average return of 19% a year, the company says.

The mine represents about 1.5% of Evolution’s gold resources and 1.7% of its reserves and was expected to produce between 45,000 and 50,000 oz. gold in the current financial year at all-in-sustaining costs of A$1,650 to A$1,700 (US$1,196.79 to US$1,233.06) per ounce.

The mine produced 59,000 oz. in the 2020 fiscal year.

Evolution says the divestiture, which includes its Crush Creek jointventure exploration project about 30 km southeast of Mt. Carlton, will lower the company’s consolidated AISCs by A$40 (US$29.01) per oz. to A$1,180 to A$1,240 (US$855.9 to US$899.4) per oz., and will cut its fiscal 2022 production to 670,000 to 725,000 oz. per year.

The sale is in line with Evolution’s growth strategy, says the company’s executive chairman, Jake Klein.

“With the company focused on delivery of growth projects at the cornerstone assets in the portfolio, we believe now is the time to

“WE BELIEVE NOW IS THE TIME TO HAND MT. CARLTON OVER TO AN EMERGING GOLD PRODUCER WHO CAN FOCUS ON EXTENDING THE OPERATION’S MINE LIFE.” JAKE KLEIN EXECUTIVE CHAIRMAN, EVOLUTION MINING

hand Mt. Carlton over to an emerging gold producer who can focus on extending the operation’s mine life,” Klein stated in a news release.

“The exposure we have retained will enable Evolution shareholders to benefit from the future success of the operation.”

Of the A$90 million, A$40 million (US$29 million) is made up of a mixture of equity and cash. Evolution will participate in Navarre’s equity raise up to a maximum shareholding of 19.9% (for about A$20 million), with the final holding determined after the equity raise.

Up to A$25 million (US$18 million) is contingent on cumulative gold production milestones from Crush Creek, with A$5 million (US$3.6 million) payable upon achievement

EVOLUTION MINING

of 50,000 oz.; another A$5 million upon achievement of 100,000 oz.; and A$15 million upon achievement of 175,000 ounces.

In addition, up to A$25 million is payable in the form of a 5% royalty linked to the gold price, where the average spot price is higher than A$2,250 (US$1,632) per oz. in any given quarter. The royalty is payable on production from both Mt. Carlton and Crush Creek from July 1 2023 for a period of up to 15 years.

The transaction is expected to close in the December 2021 quarter.

Evolution also provided consolidated guidance for the fiscal years 2023 and 2024.

It plans to produce 775,000 to 830,000 oz. gold in fiscal 2023 at AISCs of A$1,085 to A$1,145 (US$787 to U$830.50) per oz. and 855,000 to 915,000 oz. gold in fiscal 2024 at AISCs of A$1,130 to A$1,190 (US$820 to US$863) per ounce.

Commenting on the divestiture, Brian Quast of BMO Capital Markets says the move is consistent with Evolution’s strategy.

“Overall, we view the transaction as a positive continuation of EVN’s efforts to reposition the portfolio and its financing to invest in the next chapter of the company’s disciplined organic and M&A investments,” the analyst wrote in a research note to clients. “The modest size of Mt. Carlton and the consideration being roughly equal to our prior asset NAV [net asset value] estimate making the transaction value neutral.” TNM

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old Resource (NYSE-AM: GORO) has inked a deal to acquire Aquila Resources (TSX: AQA) in a US$30.9 million transaction that will create a midsize North American precious and base metals producer.

The Colorado-based miner is buying all of Aquila’s shares for 0.0399 of a Gold Resource share per Aquila share. The exchange ratio represents a consideration of US9¢ per Aquila share or US$30.9 million, reflecting a 12.5% premium based on the closing price of Aquila and Gold Resource shares on September 3.

Once the transaction closes, existing Gold Resource and Aquila shareholders will own roughly 85.1% and 14.9% of the combined company, respectively. The companies say the transaction should close in November.

The new miner is expected to become a new intermediate gold producer following the start of production at Aquila’s Back Forty gold, zinc and copper project in the U.S. state of Michigan.

Back Forty, Aquila’s flagship project, has total measured and indicated resources of 18.27 million tonnes grading 1.89 grams gold per tonne, 24.09 grams silver per tonne, 0.32% copper, 0.26% lead and 3.03% zinc for contained metal of 1.1 million oz. gold, 14.15 million oz. silver, 127.3 million lb. copper, 103.8 million lb. lead and 1.22 billion lb. zinc.

Total inferred resources stand at 1.2 million tonnes grading 3.71 grams gold per tonne, 49.24 grams silver per tonne, 0.38% copper, 0.47% lead and 1.23% zinc for contained metal of 142,500 oz. gold, 1.89 million oz. silver, 10.1 million lb. copper, 12.5 million lb. lead and 32.3 million lb. zinc. TNM

The Sierra Gorda open pit mine in Chile. KGHM

M&A From 1

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the backburner.

Two years later, KGHM secured environmental approval for a US$2 billion expansion and upgrade of the mine in order to extend its productive life by 21 years.

The options to expand production include building an oxide circuit and doubling the throughput of the sulphide plant. Planned output at Sierra Gorda was about 140,000 tonnes of ore per day, but the asset has only delivered 112,000 tonnes in its best year of operation to date.

The oxide expansion would add

40,000 tonnes of ore per day for eight years, and the sulphide expansion another 116,000 tonnes, according to estimates from BMO. While Sierra Gorda is a low-grade deposit, one of its main attractions is having an “extremely flat grade profile,” which is expected to remain around 0.34% for the foreseeable future. This, BMO analysts have said in the past, would potentially move the mine from a tier four to a tier two asset in time.

Once the deal is completed, Sierra Gorda could add between 70,000 and 80,000 tonnes of copper to South32’s portfolio. TNM

GLOBAL MINING NEWS

THE NORTHERN MINER / OCTOBER 25–NOVEMBER 7, 2021

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Noront Resources prefers Wyloo bid over BHP M&A

| Tug of war continues for nickel-copper deposit in Ontario’s Ring of Fire

BY CECILIA JAMASMIE

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months-long battle over Noront Resources (TSXV: NOT) may have come to an end as the Canadian company said it had picked a sweetened bid from Australian mining billionaire Andrew Forrest’s Wyloo Metals over the latest offer from BHP (NYSE: BHP; LSE: BHP; ASX: BHP).

Wyloo’s 70¢ per share proposal represents a superior value for shareholders, Noront said, adding BHP has five business days to match the offer. The Australian miner said in a separate statement that its offer represented a 192% premium to Noront’s unaffected closing price on May 21, adding it “did not intend to support any alternate offers” for the takeover target.

BHP, the world’s largest miner, had said in August it would consider matching Wyloo’s raised bid as part of its ongoing strategy of expanding its footprint among future-facing commodities, including nickel, lithium and copper.

At stake is Noront’s early-stage Eagle’s Nest nickel and copper deposit in the Ring of Fire of northern Ontario. The asset has been billed

by Wyloo as the largest high-grade nickel discovery in Canada since the Voisey’s Bay nickel find in the eastern province of Newfoundland and Labrador.

The tug of war between the two

Noront Resources’ Esker camp in northern Ontario.

Australian companies is the latest evidence of the rush global miners are into to secure supply of battery metals ahead of an expected surge in demand from electric vehicles.

Wyloo Metals, which already is Noront’s top shareholder with a 37% stake as of September, had in May offered 31.5¢ per share for the stock it did not already hold in the company. Noront had adopted a poison pill strategy to stop the takeover.

BHP quickly saw an opportunity

NORONT RESOURCES

and offered 55¢ per share of Noront, representing a premium of 129% to the firm’s closing price on May 21, a day before Wyloo’s first proposal.

Noront had recommended shareholders accept BHP’s friendly bid, but Wyloo came back last month with the sweetened offer of 70¢ per share.

Eagle’s Nest is expected to begin commercial production in 2026 with the mine running initially for 11 years.

The mine’s start date has repeatedly been pushed back by Noront due

to successive federal and provincial governments’ inability to consult and reach unanimous agreement with First Nations in the area.

Wyloo Metals’ intention is to create a “world-class future metals hub” in Ontario. The company has already committed to invest $25 million in studies that will look at the potential to create a local battery metals supply chain in the Canadian province and the potential for a new ferrochrome plant.

Wyloo said the metals hub in the remote area known as the Ring of Fire would be developed in consultation with regional stakeholders and First Nations communities.

“The Ring of Fire is home to expansive deposits of these metals and is ideally located near downstream markets, presenting a once-in-ageneration opportunity to transform Canada into a critical metals powerhouse,” the head of Wyloo Metals, Luca Giacovazzi, said. “Only Wyloo Metals’ offer provides shareholders with the opportunity to share in that journey.”

Nickel production will need to increase nearly fourfold to meet expected demand for electric and hybrid vehicles, the company estimates. Likewise, copper output would also need to grow exponentially to meet demand from renewable power generation, battery storage, electric vehicles, charging stations and related grid infrastructure.

Tesla’s boss Elon Musk has expressed worries about a looming nickel shortage. He pleaded with miners last year to produce more nickel, promising a “giant contract” for supply produced efficiently and in an “environmentally sensitive way.”

The EV maker became involved in March in the development of the conflict-ridden New Caledonia nickel mine, as part of the company’s attempt to secure enough supply. TNM

JOINT VENTURE ARTICLE

View of the Cerro Las Minitas polymetallic project showing historic workings at the Bocona zone. SOUTHERN SILVER EXPLORATION

Southern Silver aims to increase resource estimate by 30% at Cerro Las Minitas in Mexico

BY NORTHERN MINER STAFF

Southern Silver Exploration (TSXV: SSV; US-OTC: SSVFF) is a Canadian exploration company focused on developing high-grade precious and base metal properties in North America.

The Vancouver-headquartered junior is advancing its 100%-owned Cerro Las Minitas silver-lead-zinc project in Mexico, about 70 km northeast of the city of Durango.

The 34,450-hectare property lies within the prolific Faja de Plata region of northern Mexico, one of the world’s most significant silver-producing regions. The area hosts several mining operations, including Hecla Mining’s (NYSE: HL) San Sebastian silver-gold mine, about 30 km east of Cerro Las Minitas, and the La Preciosa silver-gold project, approximately 30 km to the west, operated by Coeur Mining (NYSE: CDE).

Robert Macdonald, Southern Silver’s vice president of exploration,

says Cerro Las Minitas is one of the largest and highest grade undeveloped silver-based projects in the world and is “likely to grow significantly larger.”

“Drilling continues to add considerable value to the project, which we believe could increase the project’s current resource estimate by as much as 30%. The project is a large sulphide deposit, as opposed to a mixed sulphide/oxide deposit, and the silver and base metals grades are high enough for it to be developed as an underground mining operation.”

The project currently contains 11.1 million indicated tonnes grading 105 grams silver per tonne, 0.1 gram gold per tonne, 0.16% copper, 1.2% lead, and 3.7% zinc (375 grams silverequivalent per tonne) for 37.4 million oz. contained silver, 35,000 oz. gold, 40 million lb copper, 303 million lb lead, and 897 million lb zinc (133.8 million oz. silver-equivalent). Inferred resources stand at 12.8 million tonnes of 111 grams silver, 0.07 gram gold,

0.27% copper, 0.9% lead, and 2.8% zinc (334 grams silver-equivalent) for 45.7 million oz. silver, 31,000 oz. gold, 76 million lb copper, 253 million lb lead, and 796 million lb zinc (138.1 million silver-equivalent ounces). The mineral estimate was based on drilling on the west part of the project, in the Blind, El Sol, Las Victorias, and Skarn Front zones.

In 2021, Southern Silver expanded its drill program to test the Southern Skarn and Mina La Bocona Extension zones on the east side of the property. At Mina La Bocona, it has been testing three targets: a new near-surface sulphide/oxide zone; the highgrade Muralla chimney; and the La Bocona chimney, which was historically worked by artisanal miners.

“We increased the drilling from an initial 10,000-metre program to more than 20,000 metres,” explained Macdonald. “The drilling focused on the development of these targets, which returned bonanza-grade silver intercepts, as well as the

development of mineralisation located to the northwest along the east side of the property.”

Highlights included drillhole 20CLM-131. Drilled in the Mina La Bocona zone to test its down-dip projection, that hole intercepted 15.1 metres of 1,072 grams silver per tonne, 0.61 gram gold per tonne, 0.39% copper, 18.8% lead, and 7.5% zinc (2,040 grams silver-equivalent per tonne) starting from 299.9 metres downhole, including a higher-grade interval of 1.1 metes of 3,180 grams silver, 0.29 gram gold, 0.33% copper, 58.8% lead, and 2.3% zinc (5,148 grams silver-equivalent).

According to Macdonald, Southern Silver currently has one drill turning on Cerro Las Minitas to test a new target on the east side of the property. He said the drilling will then transition back to greenfields testing of the El Sol target, about two km northwest of Mina La Bocona, which covers the northerly projection of previously identified mineralisation in

the Blind zone and a second area of artisanal workings.

The company plans to release an updated mineral resource estimate for Cerro Las Minitas in the next few weeks, with a preliminary economic assessment slated for release towards the end of the first quarter of next year.

It currently has about $15 million in the treasury, which “will be more than enough to fund our current work program,” Macdonald said.

Southern Silver’s other asset is its wholly-owned Oro property, an early exploration-stage copper-goldmolybdenum porphyry project in the U.S. state of New Mexico.

The preceding Joint-Venture Article is PROMOTED CONTENT sponsored

by SOUTHERN SILVER EXPLORATION and produced in cooperation with The Northern Miner. Visit www.southernsilverexploration.com for more information.

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Appetite for ‘green energy metals’ drives deals

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emand for ‘green energy’ metals like copper, nickel, lithium, and cobalt has risen sharply, driven by the global move to lower carbon emissions and electric vehicle makers chasing battery ingredients. On October 13, Tesla inked a multi-year nickel supply deal with New Caledonia’s Prony Resources, which will give the EV maker roughly 42,000 tonnes of the metal,

BY TRISH SAYWELL making it the miner’s largest customer; and late last month, China’s EV battery giant Contemporary Amperex Technology, said it had signed a deal to acquire Canada’s Millennial Lithium for about US$305 million. Millennial has two lithium brine projects in Argentina. Earlier this month Zijin Mining announced it is buying NeoLithium and its 3Q lithium brine project in Argentina for $960 million in cash. The appetite for copper assets in particular is behind much of the recent M&A. Australian miner Sandfire Resources unveiled plans late last month to acquire the Minas de Aguas Tenidas mining complex in Spain from Trafigura and Abu Dhabi’s state-owned Mubadala for US$1.9 billion. The complex has three underground copper mines.

The latest deal on October 14 is South32’s acquisition of a 45% stake in Sierra Gorda, a low-grade open-pit copper mine in Chile’s Antofagasta region for an upfront cash payment of US$1.6 billion, and a further amount of up to US$500,000, structured as a contingent price-linked consideration and payable annually over four years as a percentage of incremental revenue above agreed copper price and production thresholds.

“We are actively reshaping our portfolio for a low carbon world and the acquisition of an interest in Sierra Gorda will increase our exposure to the commodities important to that transition,” South32’s CEO Graham Kerr said.

The mine is expected to produce 180,000 tonnes of copper, 5,000 tonnes of molybdenum, 54,000 oz. gold and 1.6 million oz. silver (214,000 tonnes copper-equivalent) in calendar 2021. South32 is acquiring its stake from Japan’s Sumitomo Metal Mining (31.5%) and Sumitomo Corp. (13.5%).

Polish miner KGHM owns the other 55%. South32 is funding the transaction with cash on hand and an underwritten debt acquisition facility.

“Finding a producing copper asset of size up for sale isn’t easy, but South32 has done that,” BMO analysts Alexander Pearce and David Gagliano commented in a research note. “Headlines look solid: an asset in Chile with greater than 150,000 tonnes per year of copper, a long mine life with upside potential, an attractive EV/EBITDA of about 3.3 times.” But the analysts also pointed out that over the last five years, Sierra Gorda’s average annual copper production has been just 109,000 tonnes at all-in costs of more than US$2.00 per pound. Historically, they cautioned, “the asset’s performance hasn’t quite matched its potential and as a minority partner it may be harder for South32 to deliver improvements in the near-term.”

On a conference call, South32’s Kerr admitted that initially he had been “skeptical” about the asset, but due diligence and site visits over nine months had assured him that Sierra Gorda had overcome many of its commissioning and ramp-up challenges of 2014 and 2015, and that while more work was needed, it was well into a successful debottlenecking program. “I was the most skeptical about this. We didn’t think this was going to go anywhere.

The reputation of the asset wasn’t great. But every time we took off a layer of the onion we were surprised by a) the work that had been done over the last couple of years and b) the potential that still exists.”

“You can see a significant improvement in the operation’s performance,” Kerr continued. “It has been de-risked through its build and following a tough commissioning, it is now fully ramped up. ... If you look at the performance over the last three years, whether it’s throughput, or whether it’s mining efficiencies, whether it’s recoveries. ... it really shows how they are on a pathway to improvement.” Sierra Gorda “is a very well-run operation,” he added. “The general manager is super impressive and they’ve done a really good job. It’s something I don’t think the markets appreciate.”

Kerr rattled off a list of attributes including the US$5 billion of historical investment in “high quality, modern infrastructure;” the asset’s 20-year reserve life; regional exploration upside; future potential of an oxide project; and continued optimization and debottlenecking opportunities. Sumitomo also has agreed to a tax indemnity up to an agreed cap in relation to potential changes in Chile’s tax regime, and there is a tax stability agreement in place on Sierra Gorda until 2028.

“The acquisition meaningfully lifts group margins,” Kerr told analysts and investors on the call. “Looking forward we expect the investment to immediately contribute to group earnings, improve our portfolio and further strengthen our balance sheet through the cycle.”

When an analyst asked whether South32 felt it had paid full and fair value, Kerr responded: “We think we got it at a very good price.”

“There’s more upside, we have looked at a number of opportunities over the last six and a half years extensively, and this is by far the best one we’ve seen, despite the initial skepticism.”

“It’s a good entry into an asset at a good price when you think about what historical prices look like,” he added. “But also if you look at some of our major diversified peers that are about to commission projects in calendar 2022, they’re paying well in excess...”

He also pointed out that the capital intensity of new copper builds has been rising over time. “We think we’re getting in very cheaply compared to what these builds look like, and that’s before you consider permitting, construction and ramp up. And the other piece is if you look at it on a consensus basis, it’s value accretive in fiscal year 2022.”

Kerr also emphasized that working together with KGHM in a joint-venture structure was not a downside. “I don’t think we’re driven by ego — that we believe we have to be the operator and we’re the best operator in the world. We’re comfortable around the joint control and that we can exercise our rights and our influence to realize the value.”

In addition, Kerr said South32 has “a lot more extensive copper experience than probably some people recognize,” and that the challenges of using seawater for processing wasn’t a big deal. “We would probably argue that the actual processing there is not dissimilar from what other people are doing in the region in terms of approach and technology and we’re not the only ones using seawater.”

The CEO emphasized that the deal was “opportunistic” and will create value for shareholders. “I’ve always said from day one that M&A needs to be opportunistic,” he said. “The challenge is buying an opportunity that is not only undervalued but also has a clear path to realize the full value.” TNM

COLUMN

| Time to attack

BY DR. CHRIS HINDE Special to The Northern Miner

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OP26 is upon us, and the mining industry could learn from a famous military speech that was delivered by an Englishman ahead of perhaps the single most important battle of World War II. Soldiers have always known that it is easier to defend than attack, and in medieval combat (especially where castles were involved) the attacking forces generally had to be at least three times larger than the defending army. However, feeling safer and more comfortable is not necessarily a good enough reason to stay on the defensive.

Indeed, attack being “the best form of defence” is a long-standing military tactic, and on the internet this popular adage is widely attributed (laughably) to George Washington in 1799. However, the maxim that it is better to attack than to receive one, dates back over 2,500 years to when China’s Sun Tzu wrote ‘The Art of War’, which is the earliest known treatise on military science.

Certainly the ‘attack’ mantra was well known to Bernard Montgomery, who was a student of military leadership and arguably the most successful British general of the 20th century. He commanded British and Commonwealth troops at the battle of El Alamein in Egypt in October-November 1942.

Prime Minister Winston Churchill defined El Alamein as the turning point of the whole war. This was a battle just to the west of Cairo in which a much defeated Allied army, led by Montgomery (an inexperienced, unusual and heretical commander), turned the tables on the Afrika Korps, the German army that had hitherto swept all before it.

The Afrika Korps was led by General Erwin Rommel, who is generally acknowledged to have been the finest military tactician of the war.

Indeed, this was the first time Rommel had been significantly beaten in battle. After the engagement, Churchill wrote “Before Alamein, we had no victories. After Alamein, we had no defeats.”

On taking command of the Eighth Army in the Western Desert during August 1942, Montgomery, who was not even a full general, delivered one of the all-time great military speeches. He started by telling his staff officers, “Every soldier must know, before he goes into battle, how the little battle he is to fight fits into the larger picture, and how the success of his fighting will influence the battle as a whole.”

Montgomery added “One of the first duties of a commander is to create what I call atmosphere, and … I

do not like the general atmosphere I find here. It is an atmosphere of doubt, of looking back to select the next place to withdraw, of loss of confidence in our abilities … All that must cease. Let us have a new atmosphere.”

Rather more chillingly, Montgomery exhorted his troops to “stand and fight,” adding “I have ordered that all plans and instructions dealing with further withdrawal are to be burned. If we can’t stay here alive, then let us stay here dead.”

I’m not expecting fatalities, but we need to stop being defensive in the face of criticism of mined metals, the industry’s environmental record and energy sustainability.

With last month’s announcement on solar power from the Biden administration and the upcoming 26th United Nations Climate Change Conference of the Parties (COP26) in Glasgow, the timing is right to move onto the offensive.

The U.S. Government announced in September that solar power could provide 40% of the country’s electricity within 15 years — compared with only 3% currently. We need to explain how our industry stands ready to deliver the metals that will be necessary if the U.S. is to replace carbon emissions from an electric grid that at present relies heavily on petroleum products and coal.

Meanwhile, COP26 (starting on October 31) will be crucial if climate change is to be brought under control. For this 12-day conference, some 200 countries have been asked for their plans to cut emissions by 2030. This follows the Paris Agreement in 2015, under which most nations agreed to keep global warming at under 2°C above pre-industrial levels.

National announcements by midNovember are expected to include plans for a faster switch to electric cars and speeding up the phasing out of coal power. Metal mining is crucial, of course, in this endeavour, and we need to explain the industry’s importance to the 25,000 people that are expected in Glasgow, including the world’s leading politicians, journalists, campaigners and businesses leaders.

Assuming a defensive position is the action of protecting oneself from danger, while going on the offensive is to deflect an assault or cause damage to an opposition.

The mining industry should have the courage of its convictions, and attack. It is long past time we took the initiative. TNM Dr. Chris Hinde is a mining engineer and the director of Pick and Pen Ltd., a U.K.-based consulting firm he set up in 2018 specializing in mining industry trends. He previously worked for S&P Global Market Intelligence’s Metals and Mining division.

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COMPANY INDEX Alamos Gold. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .7 Albemarle . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .9 Alcoa . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .18 American Manganese . . . . . . . . . . . . . . . . . . . . .12 Aquila Resources . . . . . . . . . . . . . . . . . . . . . . . . . .2 Arena Minerals. . . . . . . . . . . . . . . . . . . . . . . . . . .12 Barrick Gold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .7 Battery Mineral Resources . . . . . . . . . . . . . . 12,13 BHP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,10 Cameco . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .18 Canada Nickel . . . . . . . . . . . . . . . . . . . . . . . . . . . .9 Cardero Resource . . . . . . . . . . . . . . . . . . . . . . . .10 Cypress Development . . . . . . . . . . . . . . . . . . 13,14 Evolution Mining. . . . . . . . . . . . . . . . . . . . . . . . . .2 First Quantum Minerals . . . . . . . . . . . . . . . . . . .18 Franco Nevada . . . . . . . . . . . . . . . . . . . . . . . . . . . .7 Glencore . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .9 Gold Resource . . . . . . . . . . . . . . . . . . . . . . . . . . . .2 Golden Valley Mines and Royalty. . . . . . . . . . .18

Grid Metals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .14 Horizonte Minerals . . . . . . . . . . . . . . . . . . . . 14,15 KGHM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,2 Kinross Gold. . . . . . . . . . . . . . . . . . . . . . . . . . . . .10 Lithium Americas . . . . . . . . . . . . . . . . . . . . . . . .18 Navarre Minerals . . . . . . . . . . . . . . . . . . . . . . . . . .2 New Found Gold . . . . . . . . . . . . . . . . . . . . . . . . .18 Nickel 28 Capital . . . . . . . . . . . . . . . . . . . . . . 15,16 Noront Resources . . . . . . . . . . . . . . . . . . . . . . . . .3 Rock Tech Lithium . . . . . . . . . . . . . . . . . . . . . . .18 Silver Hammer Mining . . . . . . . . . . . . . . . . . . 8,10 South32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,2,4 SQM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .9 Taseko Mines . . . . . . . . . . . . . . . . . . . . . . . . . . . .16 Teck Resources . . . . . . . . . . . . . . . . . . . . . . . . 6,18 Turquoise Hill Resources . . . . . . . . . . . . . . . . . .18 World Copper. . . . . . . . . . . . . . . . . . . . . . . . . . 8,10 Wyloo Metals . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3

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Reflections on Truth and Reconciliation in Canada OP-ED

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| Residential schools, education and healing

BY GLENN NOLAN

ollowing Canada’s first National Day of Truth and Reconciliation on September 30, I’d like to share my thoughts on residential schools, education, and healing.

Over the last few months, as the bodies of hundreds of children have been discovered near residential schools in western Canada and I’m sure more will be discovered as other school lands are surveyed, I have had a number of inquiries from well-educated friends who want to know more about the residential school system.

One question I was asked more than once, was: “Were there some good things that came out of the residential schools?”

It isn’t because these were insensitive or uncaring people. In fact, I believe these are people who really want to understand residential schools and how they have had such a lasting impact on our communities, our families and individuals — sometimes several generations of a family attended these schools — and this is what I told them.

Education when done correctly is a catalyst for meaningful positive change from generation to generation.

But when does education become a place of dominance, torture, sexual and physical assault? When does education rip families apart or force upon the student a world view that is so different from who they are?

A result of this so-called education system for ‘Indians’ resulted in whole communities losing their language and culture and their connection to their families. Some suffered through days and nights and months and sometimes years of assaults at the hands of individuals who were supposed to protect and care for them.

Residential schools were not a place for educating as we know today. The schools became a place of sadness, hopelessness, pain and loss; the loss of everything that made these children human beings and tied to a unique culture with a history, spiritual belief and language.

Without a doubt, what occurred to our youth, families and communities was a tragic multi-year event in our country and it is hard to believe that the intention of the designers of the school system for Indigenous people was an accident.

Someone, somewhere, regardless of the era or the region in Canada, should have stood up and said what was happening to Indigenous people was wrong.

Like all Indigenous people, our history is complicated and at times confusing. Some communities are still isolated physically and psychologically from what most of us know as Canadian society. Others, like my community, Missanabie Cree, were more integrated with Canadian society. Our prosperity, financially, socially and academically, is directly tied to our integration into the larger Canadian society. What we do have in common with all the other communities is the impact of residential schools and the trauma our relatives experienced while they were there.

How does a family recover from having its children ripped from their home? Parents threatened with jail if they didn’t have their children ready to be picked up and delivered to an emotionally cold institution that inflicted, in many cases, tremendous pain and suffering on the students, some as young as three years old.

I have an older cousin who was sent to the Shingwauk school near Sault Ste. Marie when he was three.

Because of his age, he was put out

Glenn’s father Ken Nolan on the left; his uncle Alphonse Nolan (standing); and Werner Thomanek at the Renabie mine in 1963.

PHOTO BY ALBERT HENDERSON

in the chicken coup during the day because he was too young to attend school. Who thought this was a good idea?

My cousin continues to suffer to this day with addictions, and it isn’t surprising.

My grandfather talked about one of his experiences at the St Johns school in Chapleau before World War 1. He told us of a time his class witnessed a young student in grade four who had been beaten unconscious by a male teacher. The young boy never came back to school and the story was that the boy died of his injuries. The teacher was transferred to another school operated by the Anglican Church.

Nothing good came from residential schools.

My community, the Missanabie Cree First Nation, was not immune to the impacts on our youth attending residential schools. Missanabie Cree is a signature to treaty nine. Treaty nine covers the northern part of Ontario, an area larger than France.

My community signed into the Treaty in 1905. It took until 2019 before our land was returned to us in the form of a reserve and compensation paid for 114 years of neglect. It challenged our resolve as a community and as families. We lost much over those years including our language, and, many of our relatives died violent or self-inflicted deaths.

We suffered much of what ails many communities today. Add in the removal of our children, the torture, sexual and physical assault against many of the children of that time, how can one expect people to come out of that without issues?

According to stories I have been told by older relatives, including my dad, the level of domestic violence, sexual assault, and addiction was intertwined throughout families and the community. People died from beatings, gun shots, suicides, alcoholism, and car crashes while under the influence. Children, some as young as four years old, were sexually assaulted by close relatives. Our homes were over-crowded without

electricity and running water, and some only had tarpaper covering the walls to keep the heat in during the cold winter months.

I think often about where my community is today. I look at the success we have had and continue to have.

Our success wasn’t without our own trauma, our own self harm, our own actions that took away from our potential. But we succeeded in spite of government indifference, spiritual oppression, and laws and policies that told our people we were less than those Canadians who didn’t look like us.

Somehow my community ended up following a path that raised a generation of people up from a very dark place. I believe it was the opportunity of finding meaningful work at a mine that was in our traditional territory. In 1949, the Renabie gold mine started operations. Many of our men from my community went to work there. Unlike today, the company built a town at the mine to house the families and workers.

Those men from the community who went to work there brought their families, and they received more than adequate housing. For the first time in their life, they had running water, toilets inside their houses, electricity and safer, fuel oil stoves.

These families that ended up working at the mine started to see a different way to live. What was normal back home — violence and drinking — was a much rarer occurrence. For those who moved to the mining town, it was the beginning of a new way to live — a new normal if you will.

I believe that the change came about slowly, but was also forced by the actions of a few men who had the power to initiate change for the better. One was the mine manager. His name was Bill Moore. He made an effort to hire from the local population. He also knew that most of the men coming to work for him from the surrounding area had little education. He must have believed that they were good workers and could be relied upon to get the job done.

And many did. Most ended up

getting a trade. In the case of my father, with a grade three education, he ended his mining career with four trade tickets, and was one of the first Indigenous people in the province to hold a seat on the local board of education. He also became a leader amongst his fellow workers during his time working at mining operations across Canada.

With his example, all of my older

brothers started their careers at the mine and all of them ended their careers with modest success. I began work as a summer student at an iron mine near Atikokan, Ontario.

Many families from my community followed a very similar path. Each successive generation exceeded the previous one in education, employment and career achievement. My community has a wide range of professionals, entrepreneurs, educators, and social scientists — all of whom are continuing the path to prosperity for the next generation.

We still have our issues that challenge the present leadership. But we also have seen considerable change in the social, financial and spiritual fabric of our community as we grow and strengthen our resolve to look after our own interests.

I believe that the catalyst for our members was working at the Renabie mine. I also believe that the mine manager started a community that was accepting of “Indians” to work shoulder to shoulder with non-natives in some challenging and at times dangerous situations. Our community members became essential to the well-being of their colleagues while underground or on the surface.

When I talked to my father about his time at Renabie, he always said that it was such a change for him. After he started working at the mine he finally felt that he was contributing to the well-being of his family for the first time. We never went hungry again after he took that job.

Why am I sharing this with you?

As part of the National Day of Reconciliation I believe that there are some parallels with what my community has gone through over the years. Unfulfilled promises from the federal and provincial governments after signing Treaty 9. The issues See OP-ED / 6

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CMHF From 1

ing. The professor went on to say, Vaccaro added: “‘But that was not all she loved. Along came Ted, also an undergraduate and a geological engineer. They sat together in class and held hands, making notetaking a little difficult for both.’”

Steven D. Scott, Vaccaro joked, “may have been one of the industry’s deepest thinkers,” so deep “that he had to do his research on VMS deposits at the bottom of our ocean floors;” while fellow inductee David Elliott, an avid fly fisherman, “remains known for his humility and accessibility; you can pick up the phone and call him anytime and he will make time to listen and try to help. Well Dave, you might have a few more phone calls after tonight and need to reconsider that policy.”

As for William Gladstone Jewitt, Vaccaro said, the induction into the Canadian Mining Hall of Fame is actually Jewitt’s second induction.

His first was the Canadian Aviation Hall of Fame in 1978. “He brought aviation into exploration in a way that was never seen before, even training his geologist prospectors to fly themselves out to remote regions to do their work. They called it the Cominco Air Force.” Vaccaro noted that Jewitt was a true “renaissance man” who “could recite poetry in three languages, play the piano with virtuosity” and was an avid golfer. Finally, Vaccaro paid tribute to Mary Edith Tyrrell, or ‘Dollie’ as she was known. Tyrrell created the Womens’ Association of the Mining Industry of Canada (WAMIC), he said, and was “at the forefront of a movement to support and give back to communities in and around the mining sector. Edith gained technical expertise by reading her husband’s geologic texts in her own time, yet she was always focused on the bigger picture and how mining metals could make Canada and society at large a better place,” he summarized.

“Edith has previously been described as ‘the wife of’ renowned geologist and explorer and CMHF member, Joseph B. Tyrrell. Now is our opportunity to give Edith her due and refer to Dr. Tyrrell as ‘the husband of’ WAMIC founder and CMHF inductee Mary Edith Tyrrell.”

The first inductee of the evening was Patricia Dillon. Born in Toronto, Dillon earned a BSc in geology in 1974 and a Bachelor of Education in 1976 at the University of Toronto.

She joined Teck Resources as a geologist in 1979 and advanced to more senior roles over her 32 years at the company. She also took volunteer positions with the Prospectors and Developers Association of Canada (PDAC) and the Canadian Institute of Mining and Metallurgy and Petroleum (CIM). Her positions included committee chair, board member and president of both organizations (PDAC president 2006-2008 and

OP-ED From 5

arising from the treatment of children attending residential schools and the long-standing emotional and psychological damage that was transferred through generations.

The harm that many of my relatives did to themselves and others.

The social and physical realities that my community had to deal with over half a century ago parallels where many Indigenous people find themselves today. We have all heard about them.

What gives me hope is that there is an industry today that is fuelled by the desire to make a difference with the communities they work with. It took my community years to overcome our demons. But we did. I believe we were able to overcome and persevere because our men were accepted into a work and community environment that was both accepting and respectful. It

Left: Anthony Vaccaro, publisher of the Northern Miner and master of ceremonies, welcoming attendees to the 33rd Canadian Mining Hall of Fame Induction Ceremony.

Middle: David Elliott accepts his Canadian Mining Hall of Fame award from CMHF Chairman Pierre Gratton. Right: Edith Tyrrell’s great, great grandson Peter Dalton accepts the Canadian Mining Hall of Fame award on her behalf from CMHF Chairman Pierre Gratton. IMAGES: CANADIAN MINING HALL OF FAME

William Jewitt’s son, John Jewitt, accepts the Canadian Mining Hall of Fame award on his father’s behalf from CMHF Chairman Pierre Gratton.

CIM president 2000-2001). She also contributed to the Corporate Social Responsibility initiatives of the Mining Association of Canada (MAC), specifically the group’s ‘Towards Sustainable Mining Initiative’ and was the founder of Mining Matters, a charitable organization focused on educating students about the Earth sciences and the minerals and mining industry.

“I knew I was always going to take the sciences and so I had signed up for biology, physics, chemistry and mathematics, but you needed another course back in the day,” Dillon said in a tribute video played for the audi-

showed those men that they could provide for their families and feel good about the work they did.

Today we look to our past, which shows us the reality of where we came from. I also believe today is a time to look to the future and decide where we can go, and how as Indigenous people, we can succeed and prosper through meaningful dialogue and action with industry partners.

That is where all of you come in.

Can you imagine how much can change for the communities that are living close to mining projects? What happened with my community back then wasn’t about the mine manager having a grand plan on inclusion. It just happened because he set about making the work environment and community life open and welcoming regardless of who was coming to work.

Can you imagine how much change can occur when communi-

ence. “So, I was flipping through the university calendar, at that time it was a printed document, and I saw geology and I thought, well, that’ll be a nice addition to the other sciences.”

Dillon’s highest mark was in geology and she took it as a sign to pursue the science. Her first summer job was as a field assistant exploring for copper deposits in Ontario with Esso Minerals. It was “actually right in cottage country,” Dillon recalls on the video, “so it was pretty nice for a summer job.”

After graduation, Dillon and her then fiancé, Ted, both worked over the summer for Teck. “We ended up

ties and companies work together to facilitate change? I believe that is what has been happening throughout the mining industry, and more recently we have been seeing greater participation by communities through partnerships, training, and direct and indirect work.

I always look forward to hearing about what one company or another is doing because it raises the bar for the rest of us, and when one company succeeds, we all succeed.

I cannot imagine where my community or my family would be now if my father had stayed where he was, scratching out an existence from the land, hired out as a fishing and hunting guide. I am glad that he took us on this multi-generational journey of changing, not who we are, but how we live. TNM —Glenn Nolan is Vice President, Government Affairs, at Noront Resources (TSXV: NOT).

getting hired as a field team to go and work in Newfoundland around the Newfoundland zinc mines property,” she recounts on the video. But Dillon also says she recognized that she and Ted would have to “diversify” their skillset since they were in the same industry, and consequently she decided to go back to university and get a bachelor degree of education.

After teaching science at Lorne Park secondary school, Teck offered her a job she couldn’t refuse. She joined the company in 1979 and worked in various positions from project geologist to senior geologist. Between 2001 and 2007 she was Teck’s manager corporate relations; from 2007-2008 manager corporate affairs and government relations; and from 2008 until 2011, director employee communications and engagement, and director of industry relations.

“Pat was a trusted, strategic and genuine leader within Teck’s management team that helped build a culture of meaningful employee engagement,” Don Lindsay, Teck’s president and CEO, said in the video. “Pat empowered those around her to meet shared goals and did so with boundless energy. Her legacy is still felt throughout the organization today.”

Dillon’s passion for education led her to create in 1994 Mining Matters, dedicated to producing educational resources promoting knowledge about the minerals industry. She has held the position of president and CEO of Mining Matters for more than 25 years. The organization created its first Indigenous programming in 2002. Today Mining Matters has reached over 780,000 youth, educators and members of the public, and programs are delivered in English, French and Indigenous languages.

“Few individuals have so deeply and successfully helped build, nurture and spread the goodwill of Canada’s mining industry as Pat Dillon,” Teck’s Lindsay said.

Dillon’s career also included a secondment from Teck to work with the Lassonde Mineral Engineering program. “Pat’s commitments and enthusiasm in promoting the engineering profession and helping students get the most out of their university days through finding them summer jobs and employment made Pat the go-to person in the department,” Pierre Lassonde, a 2013 inductee of the Canadian Mining Hall of Fame, said on the tribute video. “Our applications to the program soared through her tenure and that’s a direct reflection of her work.”

Dillon said she was “happy, grateful, honoured, thankful and overwhelmed,” when she accepted the award. “It is an overwhelming honour to be inducted into the Canadian Mining Hall of Fame and to be joining the builders of Teck, Dr.

Keevil, Dr. Keevil Sr., Bob Hallbauer, David Thompson and Ed Thompson, already recognized for their incredible contributions to the Canadian mining industry.”

The evening’s second inductee was Steven D. Scott, one of Canada’s most prolific and influential geoscientist researchers in the last fifty years.

Scott (1941-2019) was born in Fort Frances, Ontario and earned bachelor and master degrees in geology in 1963 and 1964, respectively, at the University of Western Ontario, followed by a PhD (1968) in geochemistry and mineralogy from Pennsylvania State University.

“I don’t believe there has been a Canadian or international scientist who has had a bigger impact on the education and research of marine geology,” Russell Pysklywec, a professor and chair of earth sciences at the University of Toronto, said on the tribute video. “His work — both as a primary researcher and leader in advancing this entire community has shaped current thinking on how hydrothermal systems and volcanogenic massive sulphide deposits develop.”

Scott joined the University of Toronto in 1969 and at the time was the institution’s youngest professor.

Early in his career as an experimental geochemist, Scott developed the sphalerite geobarometer, a tool used to estimate temperature and pressure of formation or metamorphism of deposits, which helped predict the content of volcanogenic massive sulphide (VMS) deposits.

He later focused on “black smokers” and the genesis of seafloor massive sulphides. In 1982 Scott participated in an expedition aboard an ALVIN submersible investigating black smokers and later became a renowned marine scientist.

“As early as 1984 he was the first to recognize that the seafloor deposits could be an economic resource, which led to his interest on how they could be recovered, and limiting environmental issues,” Andrew Conly, an associate professor in the department of geology at Lakehead University, commented on the tribute video. “And within about 30 years after that initial discovery an innovative industry now exists around the concept of mining seafloor polymetallic deposits. Steve himself was a discoverer/co-discoverer of several deep seafloor metal-precipitating hydrothermal sites, including the Solwara 1 deposit in eastern Manus Basin, offshore Papua New Guinea.”

Scott went on 31 oceanographic expeditions and published 187 scientific papers. The body of students he educated around the world is affectionately called the “Scott DiasSee CMHF / 7

GLOBAL MINING NEWS

THE NORTHERN MINER / OCTOBER 25–NOVEMBER 7, 2021

Left: Pat Dillion accepts her Canadian Mining Hall of Fame award from CMHF Chairman Pierre Gratton.

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pora” by his wife Joan. He also was a visiting professor at universities in Australia, France, Hawaii and Japan.

“Everybody was important to him,” Joan said on the video. “He would have them as grad students, and then they would become colleagues, and they would be wherever all over the world.”

“He was enthusiastic about his job,” Joan continued. “He was enthusiastic about geology, enthusiastic about people knowing it, and about science and people knowing about science.”

Jim Franklin, an inductee into the Canadian Mining Hall of Fame in 2019, couldn’t agree more. “Steve managed to make them all outstanding because he taught them well, he mentored them well.”

“Steve is kind of like the great grandfather of the whole development of research out there now, that has dozens and dozens of top-notch people doing it [and] are following in his footsteps, really.”

Scott’s son Don and daughter Sue Killey accepted the award on their father’s behalf. “If Steve were here tonight he would be thanking all his colleagues, here and around the world, who challenged him, questioned him, carried his rock samples, helped with experiments, organized oceanographic cruises, pushed him into the computer age, or enjoyed a cold beer after a long day’s work,” Don said. “You all know the parts you played in his career to make it as special and as diversified as it was.

Steve loved a party and this was always one of his favourites!”

The third inductee of the night was Mary Edith Tyrrell (1870-1945). Tyrrell was born in Saint John in New Brunswick and nicknamed “Dollie” at birth because she weighed just three pounds. After living in New Brunswick for 17 years, her father, a Baptist minister, took the family to England for six years, before moving back to Canada and settling in Ottawa.

Tyrrell was introduced to the mining industry through Joseph B. Tyrrell, who when she met him, was already a renowned explorer and map-maker with the Geological Survey of Canada.

Prior to their marriage in 1894, Tyrrell had discovered dinosaur bones and coal deposits in Alberta. (He was inducted into the Canadian Mining Hall of Fame in 1997).

The couple travelled throughout their marriage, including to the Yukon during the Klondike gold rush, but moved to Toronto in 1905, where Joseph worked as a mining geology consultant. During their marriage Tyrrell was often away in the field for long periods of time, and she felt a need to connect with other wives of men in the industry. During World War I, Tyrrell joined the Women’s

Steve Scott’s children, Don and Sue, accept the Canadian Mining Hall of Fame award on their father’s behalf from CMHF Chair Pierre Gratton.

Auxiliary of the American Institute of Mining and Metallurgical Engineers, and in March 1921 she organized a group of ten mining wives to launch the Women’s Association of the Mining Industry of Canada (WAMIC).

The group’s goal was to foster friendship among women in the mining industry or women associated with the mining industry; serve the industry and generate well-being in the community. Members of the organization in its early years supported war veterans in the 1920s; disaster relief in the 1930s; and the war effort in the 1940s. The WAMIC celebrated its 100th anniversary earlier this year.

“Towards the end of the 1930s, each member was asked to contribute $2 to a scholarship fund that they established for a student in the geologic, geology, or mining sciences,” Nean Allman, principal of Allman and Associates Corporate Communications, says on the tribute video.

Tyrrell served as WAMIC’s president for three years and since the organization was founded, it has distributed over $1.8 million to good causes, including $300,000 to various charities, $300,000 in scholarships, and $616,000 from the Sophia Wood bequest.

“I have been touched many times by the legacy of the founder of WAMIC,” David Harquail, chairman of Franco-Nevada’s board of directors, said in the tribute video, noting that as a mining student he had received an ‘Edith Tyrrell’ scholarship. “That $2,000 was then a princely sum for a student. In the 80s and 90s I saw WAMIC members tirelessly support the PDAC and CIM conventions when those organizations were so much more dependent on volunteers than today. I am grateful to both Edith Tyrrell and the WAMIC organization she created.”

Peter Dalton, Tyrrell’s great-grandson, accepted her award. “As you can imagine, the limelight has been on her husband, my great grandfather, JB Tyrrell,” he said. “I am honoured to be here today as we celebrate Edith and the remarkable woman she was.”

The fourth inductee of the evening, William Gladstone Jewitt (18971978), was honoured for making lasting contributions to mapping and mineral exploration in northern Canada.

During World War I, Jewitt joined Princess Patricia’s Canadian Light Infantry and for the first couple of years was a machine gunner in France.

He later transferred to the Royal Flying Corps in England and became an instructor. At the end of the war, he became a test pilot for the Royal Air Force in Europe. A mid-air collision brought Jewitt’s time in England to an end. “The other plane fluttered down and landed safely on the field,”

An evening under the stars at the Aga Khan Museum celebrating the Canadian Mining Hall of Fame Inductees.

Jewitt’s son John said on the tribute video. “Dad pulled out of the dive just in time to fly right through the main hangar doors, and the big Marlin engine in front of that plane he was flying took out seven other aircraft, as well as his own. That’s when he smashed his front teeth and both knees, and he survived.”

In 1923 Jewitt graduated with a BSc in mining engineering from the University of Alberta. His first few jobs were teaching a course in assaying for Royalite Oil, and was one of the first people researching ways of recovering petroleum from Alberta’s oil sands; and at Coleman Collieries and a gypsum mine in Nova Scotia.

He then joined Cominco (which later became Teck Resources) as an assayer at the company’s smelter in Trail, British Columbia. In 1929 he transferred to the mining group as an exploration engineer and pilot, where he trained company engineers and geologists to fly as part of their exploration responsibilities. At the time the company had twelve planes that were used to explore unmapped territory in Canada’s North, especially in the Northwest Territories. Jewitt was inducted into the Canadian Aviation Hall of Fame in 1978 for his work mapping the uncharted North.

(In 1930, he landed on the shores of Victoria Island in Canada’s High Arctic, setting a record at the time for the most northerly flight in the country.)

Jewitt contributed to the success of many projects during his career at Cominco. He retired as Cominco’s Vice President of Mines when he was 65 but continued working until he was 80 with Pine Point Mines, Coast Copper and Western Mines. “He was one of the giants in Canadian Mining in the mid-1900s and a legend at Cominco, as he led the modernizing of the Sullivan mine and the expansion at Pine Point in the north and Magmont in Missouri,” Norman

Keevil, Teck’s chairman emeritus, said on the tribute video.

Jewitt’s son John accepted his father’s award in a pre-recording dispatched from the United States.

“I know that he will treasure this prize alongside his membership in the Canadian Aviation Hall of Fame.”

David Elliott, the fifth inductee of the evening, is one of Canada’s preeminent resource financiers and founding partner of Haywood Securities. Over the course of his career, Elliott has funded more than 400 exploration and development companies and supported and mentored a generation of mining geoscientists.

From its humble beginnings with 15 employees in Vancouver in 1986, Haywood Securities has grown to 300 employees and $16 billion of assets under management. “David has been instrumental in Haywood’s success and its four decade long focus on supporting Canada’s mining and exploration industry, deservedly earning him a reputation as one of the industry’s most dependable sources of capital for junior mining exploration companies,” Robert Blanchard, Haywood’s CEO, said in a video tribute.

Born in Kingston, Ontario, Elliott’s career in mining germinated during high school. While working as a caddy on a golf course, he heard golfers talking about their jobs on the stock market. In 1968 he joined the Montreal stock exchange as a junior programmer. A year later he became a securities trader in the city at brokerage firm Dougherty Robertson MacQuaid, and was later transferred to Vancouver, where he also spent summers working for a prospector in the Yukon. He joined West Coast Securities in 1972 and got his first taste of funding exploration projects, and also used his own money to invest in projects like Afton Mines. “I, of course, didn’t have a lot of money but I bought some shares and then

7

I watched the price go down,” Elliott recounts in the tribute video. “Anyway, they made a very significant discovery and drilled her off. It was later sold to Teck Resources and Teck put it into production. So I thought, well gee, this business is pretty easy.

You just have to find some exploration projects and go drill them and you’ll find a mine. Well, it didn’t take me long to lose that money that I made on Afton, drilling some other exploration projects!”

The experience seeded what became Elliott’s fundamental philosophy on investing in mining companies and projects. “What I decided to do was to back really good science, and partner with geoscientists that had a track record of discovery, that were passionate about the search for minerals,” Elliott said on the video.

“It’s very, very high risk, so you’ve got to be prepared to take those risks and it’s not for the faint of heart, for sure.”

Elliott strengthened Haywood’s research, corporate finance and compliance departments during the 1990s and added an institutional desk in 1998. Among his career wins was his involvement in a predecessor of Glamis Gold, which Goldcorp acquired in 2006 for US$8.6 billion.

He also teamed up with Stewart L. Blusson to form Pioneer Metals and backed Blusson’s early exploration for diamonds in Canada. Other success stories was an initial $5 million financing for Arequipa Resources, which went on to find the Pierina gold deposit in Peru. Barrick Gold acquired Arequipa and the 10 million oz. Pierina deposit in 1996 for $1.1 billion. Elliott also supported a string of other companies, including Bema Gold, Alamos Gold, CGA Mining, GlobeTrotter Resource Group, Midas Gold, Ventana Gold, Reservoir Minerals, Fiore Gold, EMX Royalties and Transition Metals, among others.

“When you have someone like David, who is there to support you through and help you make good choices, I think it’s invaluable,” Richard Osmond, CEO of GlobeTrotters said on the video. “It really makes a huge difference to the success of a company and it gets you through those downturns, and when the money does get difficult. He gives you support that you’d need to keep things together and keep moving forward.”

Osmond added that Elliott’s support knew no boundaries. When he and his partners were attacked and shot on a road in Peru, Elliott “jumped on a plane and he was in Peru by the time we managed to get back to Lima,” he said. “And he spent pretty much the next week just by our side, that’s the kind of person he is.”

Andrew Williams, a partner at Haywood Securities, described Elliott as a patient investor. “David is not fazed by the volatile equity markets and the cyclical nature of the commodity market,” he noted in the video. “Instead, he focuses on the project, management, and good science. David is an extremely patient investor — he does not expect overnight success and supports companies through thick and thin with great poise and calmness even in the most turbulent markets.”

Fellow CMHF inductee Stewart L. Blusson, perhaps summed Elliott up best. “I can’t imagine that there is anyone in his line of work that has contributed more enduring benefit to the early-stage exploration in our industry, while at the same time mentoring so many others.”

In his acceptance speech, Elliott said his passion for the industry and raising financing for it, hasn’t diminished over the years. “Today at 73, I’m as passionate about the mineral sector as I was forty years ago and luckily, life and circumstance put me on a parallel path with those geologists and engineers I so admire. A path that has allowed me to make sure they have the financial backing to get the job done ... the means to explore, to discover and ultimately to create value where none existed.” TNM

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GREEN ENERGY SPECIAL SECTION METALS SPECIAL FOCUS

ISTOCK/FRITZ JORGENSEN

World Copper pursues low-cost Silver Hammer oxide strategy focuses on resource | Company develops projects in Chile and the US growth and nearterm production COPPER

| Newly rebranded junior explorer focuses on assets in Idaho and BC

SILVER

S

World Copper CEO Nolan Peterson together with wife Lisa Peterson on a mine site visit. WORLD COPPER

BY HENRY LAZENBY

W

orld Copper (TSXV: WCU; US-OTC: WCUFF) is making headway on developing compelling low-cost, oxide-resource-based copper projects in Chile and the United States, CEO Nolan Peterson told The Northern Miner in a recent interview.

A relative newcomer to the copper exploration and development sector, it has already outlined an alternative economic development case for the Escalones project in Chile, and it is set to add an even more advanced asset, the preliminary economic study-level Zonia copper-oxide project in central Arizona to its portfolio before year-end.

World Copper was created by founder Henk van Alphen, who has

a long history in the mining industry. He has built successive mining success stories that have, over the years, created millions of dollars in shareholder value.

“We’re looking to replicate that success,” Peterson said in a recent interview.

Peterson said World Copper aimed to answer the copper industry’s existential question about where future supplies of the metal needed to drive the global energy revolution will come from.

“The challenge is to find new resources. Chile is always a great jurisdiction for mining. And then, with the shift to electric vehicles and electrification, we saw an opportunity open up. So, they [Van Alphen & company] found some good, undervalued properties in Chile — Escalo-

nes and the earlier-stage Cristal project — packaged them together, and created World Copper,” recounts Peterson.

The company listed on the TSX Venture exchange in January, and then, in April, it announced the merger with Cardero Resources to bring the Zonia project into the fold.

About one week later, Peterson was brought on as CEO to manage the value creation process.

World Copper’s involvement with the Escalones project has already paid dividends.

The copper porphyry project lies 35 km east of Codelco’s El Teniente, one of the world’s largest underground copper mines, and within the renowned Chilean Porphyry See WORLD COPPER / 10

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BY HENRY LAZENBY

hortly after mobilizing the first drill rig to its Silver Strand brownfields asset in Idaho, newly renamed Silver Hammer Mining (CSE: HAMR) is aiming at building a multi-asset silverfocused producer with both largescale resource growth and near-term production potential, president Morgan Lekstrom tells The Northern Miner.

Formerly known as Lakewood Exploration, the junior resource company is advancing the pastproducing Silver Strand mine in Idaho’s notable Coeur d’Alene mining in the U.S. At the same time, its earlier stage assets comprise the Eliza silver project and the Silverton silver mine in Nevada and the Lacy gold project in British Columbia, Canada.

The junior had completed the acquisition of Silver Hammer Mining in June, paying $2.1 million in cash and scrip.

The transaction followed the April 30 completion of its initial public offering of common shares through its agent, Canaccord Genuity. The offering of three million common shares was fully subscribed for gross proceeds of $300,000.

According to Lekstrom, the Silver Strand mine has a 5.5-km strike length. Located in North Idaho’s Silver Valley along Interstate 90, the Coeur d’Alene mining district is known for its depth potential with numerous deposits and has produced over 1.2 billion ounces of silver.

After Lekstrom joined the company in June, the company released the results of recent surface rock chip sampling and an underground sampling program at the brownfields project. The geology team collected thirteen rock chip samples from altered and mineralized exposures throughout the mine.

In early August, the company announced the first results from its activities on the project, including a grab sample of 11.79 grams gold per tonne one km beyond the previously sampled area, which provided 255 grams silver per tonne along 5.5 kilometres of mineralized trend.

The results also pointed towards strong indications of multiple subparallel veins.

“Our first phase of drilling on Silver Strand will include initial underground drilling from the drilling bay that was established through now completed mine rehabilitation work,” Lekstrom said. “We’ll also drill select shallow surface targets designed to test for lateral vein extensions along strike.”

Past production stopped at just 90-metres depth, and this first phase of underground drilling will test immediately below what was his-

torically mined at Silver Strand.

Results from Phase 1 drilling are also expected to provide insight regarding the plunge, depth, lateral expansion, and dip of the veins, which will underpin the company’s modelling and follow-up drilling.

“We are evaluating multiple veins across the property. Expanding the resource potential both downdip and along the 5.5 kilometres of prospective structural extent is a pivotal step in demonstrating that this project has exploration potential similar to the large deposits that made Coeur d’Alene one of the top silver districts in the world,” said Lekstrom.

Veins within the Revett formation host most of the silver mines in the Coeur d’Alene mining district, including the Sunshine mine, which produced 359 million ounces of silver to depths exceeding 1,800 metres.

Silver Strand is located within the Revett formation and shares similar geological characteristics with the Sunshine mine and other multi-hundred-million-ounce silver deposits also within the Revett formation.

“So, we were able to consolidate a package up to the Burnt Cabin mine, which, when that was completed, it was before I joined actually, and they had a sneaking suspicion that there’s mineralization all the way up there. Through our surface program, we’ve proven that there are pockets of mineralization all the way between Silver Strand and Burnt Cabin. And with good grades. At Burnt Cabin, we’ve had just under 12 grams per tonne of gold and up to 255 grams per tonne silver on that hole strike length from surface,” Lekstrom said.

According to the company, if everything goes to plan, the first resource might be out in the next 12 months, followed by a bulk sampling program.

Next up on the company’s priority list is the Eliza silver project, in Nevada’s Hamilton district, historically the most productive silver district in the United States. The company had recently staked an additional 52 new claims at Eliza, more than doubling its land package. With the addition of these new claims, the Eliza land package now comprises 88 claims totaling 5.52 square kilometres.

According to Lekstrom, the project can host the ‘missing half’ of the Hamilton deposit, which produced 40 million ounces with grades as high as 18,700 grams silver per tonne.

The Silver Hammer team plans to deploy a new geologic model, which will explore the down-thrown side of the Eberhardt Fault, which separates the Hamilton district from the Eliza property.

See SILVER HAMMER / 10

SPECIAL FOCUS GREEN ENERGY METALS

GLOBAL MINING NEWS

THE NORTHERN MINER / OCTOBER 25–NOVEMBER 7, 2021

9

Chile to open up 400,000 tonnes of lithium reserves for exploration LITHIUM

| The country holds world’s largest known lithium reserves

BY CECILIA JAMASMIE

C

hile will open a tender for the exploration and production of 400,000 tonnes of lithium in an effort to reclaim market share and meet growing demand for the metal used in electric vehicles and high-tech devices.

The copper-producing nation, which holds the world’s largest known lithium reserves, said it is preparing bidding rules available to local and foreign firms for five quotas of 80,000 tonnes each.

Companies that secure permits will have seven years, extendable for another two, to explore and develop lithium projects, followed by 20 years of production, the Mining Ministry said in a statement.

Chile, which until 2018 was the world’s top lithium producer, lost its crown to Australia, and is about to descend further as China is projected in some estimates to become

Workers by a lithium pond in Chile. Right: Brine pools and processing areas at SQM’s lithium mine in Chile’s Atacama salt flat. SQM

the second-largest producer of the metal by the end of the decade.

The country currently generates about 29% of the world supply, but it plans to double production by 2025 to about 250,000 tonnes of lithium carbonate equivalent (LCE).

Global demand for the metal, according to ministry projections will quadruple by 2030, reaching 1.8

million tonnes of lithium. Available supply by then is expected to sit at 1.5 million tonnes.

The two top lithium miners Albemarle (NYSE: ALB) and SQM (NYSE: SQM) extract the metal in Chile’s Atacama Desert, one of the driest places on earth, by pumping brine from beneath the surface and concentrating it through evaporation

in pools.

The companies’ use of water in the extraction process has become a bone of contention, jeopardizing their expansion plans.

Indigenous communities living around the salt flat asked authorities in September to suspend SQM’s operating permits or sharply reduce its operations until it submits an envi-

ronmental compliance plan acceptable to regulators.

In 2016, Chile’s environmental watchdog SMA charged SQM with overdrawing lithium-rich brine from the Atacama salt flat, prompting the company to develop a US$25 million plan to bring its operations back into compliance. Authorities approved that plan in 2019 but reversed their decision in 2020, forcing the miner to start again from scratch on a potentially tougher plan.

Amid the legal battle, Chilean authorities announced they would conduct the region’s first comprehensive, publicly funded, hydrological survey of the salt flat.

Lawmakers, academics, environmentalists, local communities, German carmaker Volkswagen and Chilean courts have all emphasized the importance of an environmental study to help dispel lingering questions on the impact of lithium mining in Chile. TNM

Canada Nickel improves recovery and metallurgical performance at Crawford project ONTARIO

C

| Company also completes $12M bought deal private placement as hard and fast as we can.”

The company has five rigs turning at the site, with two dedicated to geotechnical drilling to support resource and feasibility work.

Crawford is envisioned as a conventional open pit mine and mill.

The PEA outlined a mine life of 25 years and life-of-mine production

BY DANIEL SEKULICH

anada Nickel (TSXV: CNC; US - O TC: C N I K F) h a s released the results of testing done on samples from its 100%owned flagship Crawford nickelcobalt sulphide project in Ontario, about 40 km north of Timmins.

The company says that metallurgical improvements at the project will deliver increased recoveries of nickel, iron and cobalt, as well as enhanced magnetite concentrate quality. These are improvements from the preliminary economic assessment (PEA) for Crawford that was released in May. The results stem from flowsheet optimization and come from a locked cycle test (LCT) that was conducted in late September. The LCT was the first to be completed since the Crawford PEA was released and was intended to measure the impact of flowsheet improvements made over the last four months. The sample selected for testing was a pentlandite dominant sample with a nickel head grade of 0.35%, an iron head grade of 6% and a sulphur to nickel ratio of 1:1.

Highlights included increasing the nickel recovery at the project, which is now set at 62%, a 19% improvement from the PEA. Iron recovery is 45%, a 5% increase from the PEA, while cobalt recovery is 70%, which is a 75% improvement from the PEA. Magnetite concentrate grades increase 14% to 54% iron.

Canada Nickel’s chairman and CEO, Mark Selby, said the recovery improvements underscore the value of the deposit, and reinforce the company’s view that Crawford has the potential to become a new source of nickel and cobalt for the electric vehicle and stainless steel markets.

“This is a real step change for us,” Selby said in an interview. “We had some glimmers that the recovery would increase, but the LCT [results], coming after we had done open circuit tests, makes a huge difference. I can’t emphasize how key these results are. It just increases our belief that Crawford will become a mine.”

He also pointed out that interest

of 842,000 tonnes of nickel, 21 million tonnes of iron and 1.5 million tonnes of chrome.

The LCT was conducted by XPS Expert Process Solutions, which is owned by Glencore (LSE: GLEN).

In January, Canada Nickel signed a non-binding memorandum of understanding with Glencore to assess the

potential of using Glencore’s Kidd concentrator and metallurgical site in Timmins.

At presstime, Canada Nickel was trading at $2.36 within a 52-week range of $1.70 and $4.54. The company has just over 88 million common shares outstanding for a market cap of $208 million. TNM

Canada Nickel’s latest flowsheet optimization work delivers substantial metallurgical improvements.

CANADA NICKEL COMPANY

“I CAN’T EMPHASIZE HOW KEY THESE RESULTS ARE. IT JUST INCREASES OUR BELIEF THAT CRAWFORD WILL BECOME A MINE.” MARK SELBY CHAIRMAN AND CEO, CANADA NICKEL

in the project continues to grow, as shown by a recent financing deal. In late July, Canada Nickel completed a $12 million bought deal private placement of flow-through shares, with the funds earmarked for exploration work at Crawford.

“This deal allows us to concentrate on moving toward a feasibility study by this time next year,” Selby said.

“It’s cash in the till that lets us run

•

•

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10

OCTOBER 25–NOVEMBER 7, 2021 / THE NORTHERN MINER

Lithium-ion battery recycling market to reach US$31B per year by 2040 | Report shows few spent batteries are currently recycled

FORECAST

BY VALENTINA RUIZ LEOTAUD

I

n a new report, IDTechEx forecasts that by 2040, the global lithium-ion battery recycling market will be worth US$31 billion annually.

According to the market analyst, China is already the largest market for lithium-ion battery recycling but in two decades, over 50%, or 4.3 million tonnes of the world’s spent lithium-ion batteries, will be recycled in the Asian country.

IDTechEx estimates also foresee the electric vehicle (EV) sector dominating and significantly driving the lithium-ion battery recycling market from 2025 onwards, despite the fact that at present, most lithiumion batteries available for recycling come from consumer electronics.

“With the rapid adoption of electric vehicles (EVs), the demand for Li-ion batteries will grow significantly in the coming decades. In the meanwhile, there are increasing concerns over raw material supplies especially rare metals such as cobalt,” the report reads. “Recycling provides a crucial solution to raw material supply insecurity and price fluctuations. Through recovering critical raw materials from Li-ion batteries, manufacturers can shield themselves from supply disruptions and also generate additional revenue streams.”

Data gathered by IDTechEx’s experts show that today, few spent lithium-ion batteries from things like laptops and mobile phones are recycled. However, they believe that unlike consumer electronics batteries, it is much easier to build the collection network for EV batteries because when they can’t be utilized in vehicles anymore, they need to be handled by professionals.

“In many countries, the extended producer responsibility (EPR) requires the OEMs [original equipment manufacturers] to take care of retired batteries. As EV batteries begin to reach their end-of-life, we will see an exponential growth of retired EV batteries available for

SILVER HAMMER From 8

The California mine, which mined mineralized material grading between 5,621 to 18,737 grams per tonne silver-equivalent in the 1870s, is also just south of the Eberhardt Fault, indicating that very high-grade mineralization might be found within the Eliza fault block.

Surface samples collected at the nearby California mine grading 24,956 grams silver per tonne and information gained from a detailed geologic map indicate that Eliza and the Hamilton district contain highgrade silver mineralization hosted by the same formation. However, no significant work or drilling has been done on the project in over half a century.

“Our initial exploration work has identified mineralization that extends onto these newly acquired claims along the lower half of the Eliza project,” said Lekstrom. “We are currently conducting a mapping and geochemistry program on the property where we see significant potential for dis-

recycling in the coming decades,” the report states.

But the Cambridge-based company believes that while the easier collection and sheer scale of EV batteries offer a huge opportunity, it also comes with technical and economic challenges.

“The numerous designs and high voltage of EV battery packs mean safe disassembly will remain a complex and time-consuming stage,” the analysis reads. “Furthermore, the $/kWh value embedded within EV batteries will be lower compared to consumer electronics batteries, meaning recyclers will have to extract more material at higher purities and efficiencies if they want to break even on their recycling process.”

The market researcher points out that one of the hot discussions around end-of-life EV batteries is whether they should be recycled to obtain the raw materials or repurposed for a second life in alternative applications such as stationary energy storage. However, for its experts, the answer is very clear: “Whether retired EV batteries are repurposed or not, they will need to be recycled anyway in the end. In theory, recycling is the least sustainable measure in a circular economy and should be the last step when the batteries couldn’t be utilized anymore. In practice, however, many more factors are considered. Technologically, repurposing a second life for retired EV batteries won’t have any effect on its recycling — it will delay the recycling process and thus have an impact on the logistics and economics of recycling.”

On a final note, IDTechEx’s document emphasizes the importance of implementing proper battery collection systems whose design makes battery disassembly and sorting an easy process.

“Without an efficient battery collection network, the low volume of batteries to be recycled or the high cost of collection could damage the economics of recycling,” the report concludes. TNM

SPECIAL FOCUS GREEN ENERGY METALS

WORLD COPPER From 8

Copper Belt that runs north-south in the central Andes Mountains. The project has excellent infrastructure, including road access, electricity, access to seaports, and a gas pipeline that crosses the 70 sq. km. property.

Escalones was discovered through greenfield exploration work in 1996

by Ralph Fitch, the former president and CEO of General Minerals and Felipe Malbran, the company’s former Vice President for exploration in South America.

“In 2020, World Copper recognized that the shallow, higher-grade mineralization was significantly oxidized, rendering it mostly acid-soluble and potentially amenable to cost-effective, heap-leach copper production,” said Peterson. “Redefining the project as a copper oxide deposit significantly enhanced its value by lowering costs of capital and operating development options compared to the previously contemplated sulphide flotation project.”

As it stands, Escalones has inferred resources of 426 million tonnes grading 0.37% copper, based on nearly 25,000 metres of drill core from 53 holes. According to Peterson, the contained 3.45 billion pounds of copper should be amenable to heap leaching with an average recovery of 71%.

The mineralization sits within four sq. km of hydrothermal alteration and is comprised of quartz-sericite, potassic, and calc-silicate alteration groupings. Concurrent copper, gold and silver geochemical anomalies are associated with replacement-style ‘skarn’ mineralization hosted in calcareous sedimentary rocks that flank central porphyritic intrusive rocks with porphyry-style (fracture-fill and disseminated) mineralization.

Notably, the copper mineralization at Escalones occurs as the sulphides chalcopyrite, bornite, and covellite, which are partial to completely replaced within about 300 metres from the surface with secondary copper oxides, sulphates and carbonates.

This replacement has led to higher grades at shallower depths and, since the mineralization sits within a highstanding ridge, makes it ideal for surface mining.

“The resource update has changed Escalones from a primarily sulphide project to a predominantly oxide resource base,” Peterson said. “It has really opened up the development path.”

According to Peterson, the project is currently the largest primary copper oxide project in development in Chile, which makes it an important future contributor to copper output.

An oxide project brings an accelerated production timeline, and importantly, it brings lower water consumption, he explained.

“That translates into easier permitting, no tailings facility, and it means higher operating margins,” said Peterson. “That, in turn, translates to lower initial capital and a whole slew of better development benefits. And with the scale that it’s at right now, that’s why we think it’s such a compelling story.”

World Copper has started work on a preliminary economic assessment for Escalones, which is expected to be ready for publication by the first quarter of 2022.

However, it is looking to add scale and grade to the oxide story.

More recently, the company reported that surface exploration conducted earlier this year had confirmed two porphyry targets and one priority skarn target at Escalones. The Rio Negro skarn target produced five samples grading over 1% copper. Multiple samples also returned over 0.5% copper, thus moving it to the top of the exploration priority list to target future drill programs.

At the project’s Main Zone, which hosts the inferred resources, half of the lithocap remains untested by drilling. This so-called ‘Mancha Amarilla’ provides a low-hanging opportunity to add grade and tonnage to the oxide resource.

As a standalone sulphide project, Peterson said Escalones would require at least a doubling or tripling in tonnage to become viable for economic development and make it compelling enough to spend the billions of dollars it would require to get it off the ground. However, as a standalone primary oxide project it is large enough as is right now, and scale will only make it better.

Elsewhere in the country, World Copper owns the Cristal property in northern Chile in another prospective porphyry copper belt and with potential for additional significant porphyry discoveries.

Various companies carried out exploration work on the under-cover deposit during the 1990s. However, the first significant work on the project was conducted by BHP (NYSE: BHP; LSE: BHP; ASX: BHP) under an option agreement in 2012.

The area has extensive post-mineral cover rocks, and therefore exploration was mainly geophysical with limited drilling of widespread holes.

Although the results of these initial airborne magnetics, gravity and electromagnetic studies, along with the limited drilling, were prospective for a potential discovery of a buried porphyry copper deposit, no exploration work was conducted on the property since that time.

“The prior work suggests there’s something buried deep,” said Peterson. “The idea is to continue our systematic exploration of the deposit. If it results in a major discovery, we’ll

Portal # 3 underground access (90 metre depth-level entry) at the past-producing Silver Strand underground mine in the Coeur d’Alene mining district in Idaho; minor rehabilitation commenced this year.

Representative rock sample taken from the exposed vein of the pastproducing Silver Strand underground mine, Coeur d’Alene mining district.

SILVER HAMMER MINING

SILVER HAMMER MINING

covery in areas that have never been explored using modern exploration techniques. We will use this data to plan an extensive initial exploration program targeted for early 2022.”

Meanwhile, initial results from a sampling program at the company’s Silverton mine, a project sharing similar geology and Aster signature to Kinross Gold’s (TSX: K; NYSE: KGC) Round Mountain project, about 108 kilometres to the west, have confirmed surface gold mineralization on the east side of the property.

A sample of 6.1 grams per tonne

gold was taken from the silicified tuff.

The past-producing Silverton mine is in East Nevada’s ‘Silver Alley’ with high-grade historical production of up to 933 grams silver per tonne.

Despite significant surface exposures and grab samples grading up to 499 grams silver per tonne and 1.99 grams gold per tonne, no modern drilling or subsurface exploration techniques have been conducted on the project since the 1920s.

The first modern work is currently underway, including satellite imaging showing similar colour anomalies

WWW.NORTHERNMINER.COM

probably look to vend it to a major in the region or to form some kind of joint venture structure on it.”

At the same time, the company is also awaiting the closure of the deal to acquire the Zonia copperoxide porphyry project in Arizona.

It had signed a definitive agreement to acquire Cardero Resource (TSXV: CDU) in September.

The advanced project will be 100% owned and is in a favourable mining jurisdiction with good access and infrastructure.

Peterson stressed that the acquisition would present the company with its fastest route to production.

The PEA-level mine plan is located entirely on private land and with minimal required permitting.

The deal would give Cardero shareholders 40% ownership of the thenissued and outstanding shares of World Copper, with the remaining 60% to be held by existing shareholders.

The Zonia property is in the Walnut Grove mining district,and is made up of 261 mineral claims plus surface rights acquired from the state, totalling about 1,732 hectares. .

The brownfields Zonia site was mined in the late 1960s and 70s. The project has seen over 50,000 metres of drilling, with substantial amounts of detailed engineering completed.

Based on past drilling covering 30% of the property, the Zonia copper resource is estimated at 15.6 million measured tonnes grading 0.43% copper (129.3 million lb copper), 61.4 million indicated tonnes grading 0.31% copper (380.6 million lb copper) and 27.2 million inferred tonnes grading 0.28% for 154.6 million lb copper.

A 2018 PEA on the copper-oxide deposit outlined a mine plan and development strategy entirely on private land, which could significantly reduce the timeline for permitting.

Based on a copper price of US$3.00 per lb, the study showed an after-tax net present value (NPV) of $225 million (US$175 million) and an internal rate of return (IRR) of 29%.

“The signing of the definitive agreement with Cardero is another milestone for World Copper and one that will bring significant value to our shareholders,” Peterson said. “Our team sees upside potential at Zonia that has, to this point been unrealized, including a low-cost development and permitting path.”

“We will apply the same knowledge and expertise to Zonia as we have to our Escalones property, and work to advance and de-risk the project going forward.”

The Toronto-quoted equity of World Copper last traded on October 18 at 44c, giving the company a market capitalization of $22 million (US$18 million). TNM

to Kinross Gold’s 15 million ounce Round Mountain gold mine.

In Canada, where Silver Hammer is domiciled, the company retains early-stage gold optionality via the Lacy mine in British Columbia.

Lacy’s most prominent gold and silver occurrences are exposed along the abandoned CPR railway track (referred to as the Main and East Track gold occurrences), where elevated gold and silver values are associated with pyrite and trace chalcopyrite malachite mineralization.

Historic sampling by Lode Resource in 1987 returned 14.9 grams gold per tonne from rock samples of massive and semi-massive pyrite from the Main Showing located in the southwest portion of the property.

Lekstrom leads a team with ‘big company experience.’ The team is said to have experience in all areas of the mining sector, from early exploration to production and capital markets share structure.

Silver Hammer shares last traded at 50c apiece, capitalizing it at $16.87 million (US$13.55 million). TNM

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11

JOINT VENTURE ARTICLE

Giga Metals aims to develop Turnagain into the world’s first carbon-neutral nickel mine

BY NORTHERN MINER STAFF

Giga Metals (TSXV: GIGA; US-OTC: HNCKF) is exploring for metals critical to the lithium-ion batteries used in electric vehicles and energy storage technologies.

The junior is advancing its 100%owned Turnagain nickel and cobalt project in north-central British Columbia, about 1,350 km northwest of Vancouver.

Mark Jarvis, the Canadian company’s CEO, says the project is one of the most significant undeveloped sulphide nickel and cobalt resources in the world and “could provide an ethical and environmentally sustainable longterm supply of nickel for the North American and European electric vehicle markets.”

“Turnagain is being designed to be a world-class leader in low-carbon nickel production,” he says. “When operational, the mine will be powered by hydroelectricity and will employ passive carbon sequestration in the tailings to balance emissions generated from mining equipment.”

Giga Metals has been working with Greg Dipple at the University of British Columbia’s Bradshaw Initiative for Minerals and Mining to trial the sequestration technique, which converts silicate tailings minerals to carbonate minerals, “locking the carbon dioxide away for geological time scales,” Jarvis said.

Initial test work returned carbon dioxide (CO2) absorption at rates that “support our ambition to build a carbon-neutral mine, without the need to purchase carbon credits to offset any emissions generated on site,” Jarvis added.

A preliminary economic assessment in 2020 for Turnagain estimated a surface mining operation with a carbon footprint of 2.24 tonnes of CO2-equivalent per tonne of nickel produced in concentrate, which, Jarvis noted, is an order of magnitude lower than the global average of 25.6 tonnes of CO2equivalent per tonne of nickel.

“The study assumed a diesel mine fleet, but if an electric mine fleet were employed, the carbon intensity

would drop to 0.69 tonnes of CO2equivalent per tonne of nickel,” he said.

When tailings management with carbon capture and storage is factored in, the study estimated that approximately 900,000 tonnes of CO2 could be sequestered over the life of the mine, which, Jarvis said, “could effectively lower its carbon footprint to zero by completely offsetting the mine’s scope 1 and 2 emissions.”

The PEA envisaged an open-pit mine producing an average of 33,215 tonnes of nickel in concentrate and 1,962 tonnes of cobalt in concentrate

every year for a total output of 1.23 million tonnes of nickel in concentrate and 72,592 tonnes of cobalt in concentrate over a 37-year mine life.

Initial capital costs were pegged at US$1.4 billion, with US$2 billion budgeted for sustaining capital over the life of the mine. Based on prices of US$7.50 per lb nickel and US$22.30 per lb cobalt, the study outlined an after-tax internal rate of return of 4.9%. Initial capex could be paid back in just under 15 years.

The early-stage study was based on an updated mineral resource estimate of 1.1 billion measured and

Above: Turnagain camp in British Columbia. PHOTO BY ZACHARY MOXLEY.

indicated tonnes grading 0.22% nickel and 0.013% cobalt for 5.2 billion lb contained nickel and 312 million lb of cobalt and inferred resources of 1.1 billion tonnes grading 0.22% nickel and 0.01% cobalt for 5.5 billion lb of nickel and 327 million lb of cobalt.

“As the only undeveloped nickel deposit of this scale in North America that is focussed on the battery market, our emphasis on low-carbon mining and ESG [Environmental, Social, and Governance] principles will, we believe, make us a very

“Turnagain is being designed to be a world-class leader in low-carbon nickel production.”

MARK JARVIS, CEO, GIGA METALS

Helicopter picking up Turnagain core samples to be analyzed.

PHOTO BY ZACHARY MOXLEY.

desirable source of battery metals for the electric vehicle and energy storage markets,” Jarvis said.

Giga Metals is also investigating the expansion of Turnagain’s processing facility to include the production of a mixed hydroxide precipitate (MHP).

According to Jarvis, MHP is fast becoming the battery manufacturing industry’s preferred product for the preparation of precursors and cathode active materials, such as nickel-cobalt-aluminium oxide and nickel-cobalt-manganese oxide, used in lithium-ion batteries.

“If we decide to process to highquality MHP, it will create a more efficient route to battery manufacturers by bypassing smelters, thereby increasing our payables,” he said. “The increase in payables will, we think, more than justify the extra processing expense.”

Results from initial test work have shown that concentrates from Turnagain can produce higher quality MHP compared with those produced by high pressure acid leaching from laterite deposits mined in places such as Indonesia and Papua New Guinea.

The MHP produced at Turnagain also contains less manganese — considered a deleterious element in MHP — than currently available on the market.

In July, the company started its 2021 work program, which includes infill drilling to upgrade the mineral resource classifications, geotechnical drilling for the design of the pit wall, and a 9,000-metre seismic refraction survey for the design of the tailings storage facility.

The program is designed “to collect exploration, geotechnical, and engineering data to advance Turnagain to the prefeasibility level, with the goal producing a prefeasibility study in 2022,” Jarvis said.

The preceding Joint-Venture Article is PROMOTED CONTENT sponsored

by GIGA METALS and produced in cooperation with The Northern Miner.

Visit www.gigametals.com for more information.

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GREEN ENERGY METALS EIGHT COMPANIES WITH LARGE AMBITIONS

BY MARILYN SCALES

Taseko Mines’ Gibraltar mine in British Columbia. TASEKO MINES

Canada is rich with resources needed to fuel the electrification of modern society, and Canadian companies are rich with ideas for finding lithium, nickel, copper, cobalt, graphite, manganese, PGMs and silver wherever they are around the world. n AMERICAN MANGANESE American Manganese (TSXV: AMY; US-OTC: AMYZF) is concentrating its efforts on recycling lithium-ion (Li-ion) batteries. If the company has its way, the batteries will be recycled and the lithium in them will last forever, thanks to its RecycLiCo patented process. The company says it is an environmentally friendly, hydrometallurgical solution for not only lithium but also cobalt, nickel, cobalt, manganese and aluminum. The process produces a high-quality feedstock that can be directly integrated into the remanufacturing of battery cathodes.

There are many benefits of RecycLiCo, the company says.

Battery waste is recycled without mining. The process is economi-

cal, particularly when compared to the cost of exploration, drilling and mine development. RecycLiCo is a closed-loop hydrometallurgical process with no greenhouse gas (GHG) emissions, no landfill waste and low energy consumption.

American Manganese estimates that to smelt and recover a tonne of metal generates about 2 tonnes of carbon dioxide. Then only 40%

to 60% of the nickel and cobalt are recovered and none of the lithium.

The base metals recovered need further processing and refining before they can be reused in batteries.

The attraction of a hydrometallurgical way of recycling Li-ion batteries is its low energy consumption and low GHG emissions compared to conventional smelting.

American Manganese has con-

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ducted pilot plant studies on the RecycLiCo process and is ready to operate a 500-kilogramper-day demonstration plant.

Commercialization of the process is estimated to cost between $15 million and $20 million, and there is the possibility of licensing the process or joint development with strategic partners.

The company may have found its niche as a critical elements recycler, but it had its beginning as a mineral exploration company. It owns the historic manganese producer Artillery Peak in Arizona, where it received a U.S. patent to process low-grade electrolytic manganese.

The 31-sq. km property is home to 20 past producers.

The company has optioned the Rocher Deboule property in British Columbia, which includes the Victoria gold-cobalt mine, the Rocher Deboule copper-gold mine, and the Highland Boy copper-gold mine (all of which are past producers) to Longford Resources, which can earn a 60% interest. The Lonnie-Virgil niobium-rare earth element (REE) property in northcentral British Columbia is wholly owned by American Manganese American Manganese has a market capitalization of $209 million. n ARENA MINERALS Arena Minerals (TSXV: AN; USOTC: AMRZF) is developing an integrated approach to lithium brine production. Executive Chairman Eduardo Morales and his team have developed a proprietary brine process, which creates a solution of at least 30% lithium chloride from conventional evaporation ponds. In that form it can be shipped directly to lithium carbonate plants and battery-grade material can be produced without purification circuits.

The process results in lower capital expenditures, saves 40% to 70% on operating costs, makes a consistent battery-grade product with fewer process steps, and offers flexibility.

Arena’s Salar de Antofalla lithium project in Argentina is not yet in production, but the plan is to treat brine with a proprietary reagent, eliminating the use of lime.

The concentration of lithium in the evaporation ponds would be at least 5%, which is a saleable concentration, the company says. Other evaporation ponds only reach about 1% lithium and are not marketable at that concentration. The evaporate from the ponds using Arena’s reagent can be fed to carbonate plants and a final battery-grade product

made. Lesser grade evaporate can be fed to carbonate plants, but then the carbonate must be upgraded to meet the standards for batteries.

Geophysical surveys show a large aquifer saturated with brine beginning at 50 metres below surface. The aquifer is connected to surface brine hosted in shallower halites, and there is potential for a significantly larger resource, Arena believes.

The company has a second lithium project in Argentina, Sal de la Puna, for which permits for additional drilling and construction of a pilot plant have been received.

Lithium-bearing brine starts at 140 metres below surface and has been drilled to at least 600 metres with grade that increase with depth.

Pumping tests competed in 2019 averaged 533 milligrams (mg) per litre of lithium.

Thus far, only a small portion of the claim block has been drilled. A transient electromagnetic (TEM) survey done by the company suggested the possibility of expansion in four additional claims.

Arena closed the acquisition of Sal de Puna in July. The company has a strategic partnership with Ganfeng Lithium, which has agreed to invest US$7.8 million for a 35% ownership share in the project.

Arena is also acquiring the Pampa Union copper property in Chile’s Antofagasta mining region.

The company is earning an 80% interest from Chilean chemical company SQM. Over 23,240 metres of reconnaissance drilling have been completed on the property in addition to geophysical and seismic surveys. Two porphyry targets have been discovered with argillic-phyllic alteration signatures. Drill core assayed up to 0.2% copper. There are two targets permitted and ready for follow-up drilling.

Arena also holds 5.8 million shares of Astra Exploration, a newly formed private exploration company. That represents about a 40% interest in the company, which now holds the Pampa Paciencia epithermal gold property, also in the Atacama region in Chile.

Arena Minerals has a market cap of $68 million. n BATTERY MINERAL RESOURCES Battery Mineral Resources (TSXV: BMR) is focusing on several green metal opportunities — copper, cobalt, lithium and graphite. The company has chosen assets in stable

See GREEN ENERGY METALS / 13

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13

Inside the processing facilities at Horizonte Minerals’ Araguaia project in Brazil.

HORIZONTE MINERALS

Vegas, Nevada, and the Franklin Wells project is located 15 km north of Death Valley Junction in California.

The company also has two brownfield graphite opportunities — Geuman and Taehwa — in South Korea. Both have exploration targets, but the Geuman deposit has a 43-101 compliant resource of 1.6 million indicated tonnes grading 6.6% carbon and 5.6 million inferred tonnes grading 5.5% carbon.

Battery Mineral Resources has a market capitalization of $80 million.

A geologist at Grid Metals’ East Bull Lake palladium project, 80 km west of Sudbury. GRID METALS GREEN ENERGY METALS From 12

jurisdictions, with existing infrastructure, and, in many instances, with historical production.

The company’s first priority is to resume production at the Punitaqui copper-silver-gold mine, 120 km south of the city of La Serena and the port of Coquimbo in Chile. The mineral processing plant is centrally located to treat ore from the San Andres, Cinabrio, Cinabrio Norte, and Dalmacia deposits. The properties are located in a classic iron-ore-copper-gold (IOCG) and mantos-style copper belt.

Mining began at Punitaqui in 2007 under Tamaya Resources. The project was taken over by Glencore in 2010, then by Xiana Mining, which shut it down in April 2020.

Battery Mineral Resources assumed ownership earlier this year.

The total acquisition cost, indebtedness, and costs to restart production is about US$30 million.

The company paid US$15 million for the property. It is spending about US$5 million on a drill program, technical report and maintenance. The cost of redevelopment for the underground mine and pastefill plant would be between US$5 million and US$8 million, the company says. The restarted project could generate earnings before interest, taxes, depreciation and amortization (EBITDA) of as much as US$50 million a year, and Battery Mineral could use the funds to test other projects.

The processing plant is designed for 3,000 tonnes per day and could be expanded to 4,000 tonnes per

day. It has a conventional flowsheet design with crushing, grinding and flotation to produce a copper-gold concentrate. Tailings management will transition to pastefill to extend the life of the containment facility. And the project has access to underground water sources and a local supplier.

Drill results from Punitaqui released in September included hole SAS-21-03, which returned 11 metres grading 1.39% copper, including 8 metres of 1.63% copper. Hole 04 intersected 16.7 metres grading 1.37% copper, including 11.7 metres of 1.64% copper, and a second interval of nine metres at 1.75% copper.

Hole 07 returned 3.4 metres grading 2.1% copper and a second interval of 4 metres at 1.56% copper. Hole 08 cut 5.3 metres grading 1.39% copper and a second interval of 3.8 metres of 1.85% copper.

The upside at Punitaqui is the 25 km mineralized corridor in the region. Several other copper occurrences have been identified and will be drilled.

Once Battery Mineral has a profitable mine in its portfolio, the company plans to turn its attention to the many past-producing cobalt-silver properties it controls in Canada. The properties could become a “hub and spoke” development with a centralized mill in Gowganda in northeastern Ontario, and fed from the McAra, Iron Mask, Cobra, Island 27 and other potential mines in Ontario as well as the Fabre cobalt-silver property in Quebec.

The company released its first underground resource estimate for

the McAra project in March 2020.

McAra has 34 million indicated tonnes grading 1.47% cobalt and 10.28 grams silver per tonne for 1.1 million lb. of contained cobalt and 11,260 oz. of contained silver.

There is also an inferred resource of 5,000 tonnes grading 1.94% cobalt and 10.84 grams silver per tonne containing 214,000 lb of cobalt and 1,650 oz. of silver.

Gowganda is the site of four historic silver-cobalt mines (Bonsail, Miller Lake-O’Brien, Millerette, and Capitol), which produced 60.1 million oz. of silver and 1.3 million lb of cobalt from 1910 to 1989.

Based on recent drilling, the historic mines near Gowganda that Battery Mineral hold contain an estimated 3 million oz. of silver.

The company has chosen high priority drill targets for a phase two program, which recently started.

Near Gowganda it will drill the East, Bald Rock, Sydney Creek, and McAra South zone. Fabre West will also be tested.

Battery Mineral also holds a highgrade cobalt-copper-gold property in Idaho. This is the only permitted primary cobalt deposit in the United States, according to the company. Work there has outlined a 2 km long by 700-metre-wide target area of anomalous coppercobalt mineralization. The best of the underground channel samples assayed 0.7% cobalt, 2.12% copper and 0.58 gram gold per tonne from the central part of the target area.

In addition, Battery Mineral has a pair of lithium properties in the United States. The Amargosa project lies about 130 km west of Las

n CYPRESS DEVELOPMENT Cypress Development (TSXV: CYP; US-OTC: CYDVF) is working on a feasibility study for its 100%-owned Clayton Valley lithium project located between Reno and Las Vegas in Nevada. The study is due in the first or second quarter of 2022. The company acquired its claims in 2016 immediately east of Albemarle’s Silver Peak lithium producer, North America’s only lithium brine operation.

The Clayton Valley property contains a large flat-lying claystone occurrence with minimal overburden and no interbedded waste rock.

Lithium is found in illite and montmorillonite clays to a depth of at least 150 metres below surface. An open pit mine is to be built without drilling and blasting. The ore will

be scraped from the surface.

The company updated the prefeasibility study earlier this year and estimated a capital cost of US$493 million to mine 15,000 tonnes per day and produce 27,400 tonnes of lithium carbonate-equivalent annually over a 40-year mine life.

The prefeasibility study indicated that the project has an after-tax net present value, at an 8% discount rate, of US$1 billion and an internal rate of return of 25.8% based on a lithium carbonate price of US$9,500 per tonne.

Production would be based on a probable reserve of 213 million tonnes grading 1.13% lithium for 1.3 million contained tonnes of lithium carbonate-equivalent. The total indicated resource is 1.3 billion tonnes grading 0.9% lithium for 6.3 million tonnes of lithium carbonate-equivalent.

A conveyor will move ore from the pit to an agitated tank leaching plant followed by direct extraction of lithium from the solution to produce lithium hydroxide at the site.

Potential by-products include rare earth elements (REE). The study suggested a 2,500-tonne-per-day sulphuric acid plant featuring energy co-generation be built at the site to minimize the use of external See GREEN ENERGY METALS / 14

45 offices worldwide and a global network of affiliates.

No matter where you are in the world, chances are we’ve got your project covered.

.com

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Trenching at an Arena Minerals site in the Atacama desert. ARENA MINERALS

GREEN ENERGY METALS From 13

power sources.

Metallurgical testing with diluted sulphuric acid demonstrated a lithium recovery of 86.5% with only 126.5 kilogram per tonne for acid consumption. The company has also successfully tested the use of hydrochloric acid and sodium chloride brine as a leach solution.

The second option makes filtration and the washing of tailings easier and requires less process water.

However, chloride-based leaching has its trade-offs with respect to

power and acid supply.

To advance the Clayton Valley project, Cypress has leased a site for a pilot plant 160 km south of the project, in Nevada’s Amargosa Valley, and will begin testing chloride-based leaching in the third week of October. The company issued one million shares in exchange for a direct lithium extraction (DLE) licence for Chemionex’s Lionex process. A US$3 million water rights deal also has been reached, and permitting activities continue.

In addition, Cypress owns the

Gunman zinc-silver property, about 150 km south of Elko in Nevada.

Cypress has optioned the project to Passinex Resources, which can earn an 80% interest.

Cypress Development has a market cap of $177 million. n GRID METALS Grid Metals (TSXV: GRDM; USOTC: MSMGF) is focused on growing its Canadian projects for battery metals. Its efforts so far are concentrated on properties in Manitoba and Ontario as the company sets its sights on meeting rising demand for

www.blueskyuranium.com

TSX.v BSK OTCQB:BKUCF FSE:MAL2

Leading Uranium Discovery In Argentina NI 43-101 compliant uranium resource • Controlling A New Uranium District • Preliminary Economic Assessment complete • Heathy Treasury • Comprehensive drilling program and engineer studies underway

Blue Sky Uranium Corp. (TSX.V: BSK) is a leader in uranium discovery in Argentina.

The Company’s objective is to deliver exceptional returns to shareholders by rapidly advancing a portfolio of uranium-vanadium projects into low-cost producers, while respecting the environment, the communities, and the cultures in all the areas in which we work. The Company’s flagship Amarillo Grande Project was an in-house discovery of a new district that hosts the largest NI 43-101 uranium resource in the country with an initial Preliminary Economic Assessment.

green energy metals.

Makwa-Mayville is an advanced stage project consisting of two nickel-copper-platinum group metals (PGM) deposits. Grid Metals owns 100% of Makwa and 89% of Mayville. A preliminary economic assessment done in 2013 was based on the indicated resource for both deposits of 33.8 million tonnes grading 0.27% nickel and 0.37% copper.

The total inferred resource was 4.8 million tonnes grading 0.19% nickel and 0.43% copper.

The company expects to complete an updated preliminary economic assessment for MakwaMayville later this year. It will include better nickel and cobalt recoveries than the earlier PEA, trade-off studies on mining, and a new exploration agreement with the Sagkeeng First Nation.

The Mayville property also hosts four known lithium-bearing dykes that Grid has identified. The mineralization contains high-grade spodumene with tantalum, cesium and rubidium. Drilling in 2018 returned 3.4 metres assaying 1.8% lithium oxide (Li2O5) beginning 75.5 meters downhole. The results were typical of other holes drilled at the time. The strike length of the pegmatite dyke has been traced over 775 metres.

Grid’s 100%-owned Bannockburn nickel project near Matachewan in Ontario also contains copper, palladium and cobalt. The current goal is to outline a bulk tonnage nickel sulphide deposit in the B zone. The company completed eight infill drill holes in the zone earlier this year. The first hole intersected 196.5 metres averaging 0.28% nickel, including a 112metre section averaging 0.32% nickel with 48 metres of 0.24% nickel. Drilling identified a strike length of 600 metres. The company says the mineralization is similar to the Main zone at Canada Nickel’s Crawford nickel deposit.

Grid hopes to define an open pit resource of at least 100 million tonnes containing at least 200,000 tonnes of nickel in sulphide at Bannockburn. Additional metallurgical studies will be done for the B zone to confirm that a premium high-grade nickel concentrate could be produced.

The East Bull Lake PGM project

80 km west of Sudbury in Ontario is also 100% owned by Grid. The company made the discovery in December 2020 when hole EBL2013 intersected 119 metres averaging 0.75 gram palladium per tonne, 0.21 gram platinum per tonne, 0.04 gram gold per tonne, 0.08% copper and 0.05% nickel (1.13 grams palladium-equivalent per tonne), including 48 metres of 1.85 grams palladium-equivalent, 14 metres of 2.97 grams palladium-equivalent, and 3.7 metres of 4.54 grams palladium equivalent.

Grid compares the geological and geophysical characteristics at East Bull Lake to the Lac des Iles palladium mine in northwestern Ontario and to the Arctic platinum project in Finland. It will continue drilling, particularly the Parisien Lake zone, where hole EBL21-09 recently returned 37.6 grams palladium per tonne, 6.68 grams platinum per tonne and 21.3% copper over 0.54 metre with a 2-metre interval averaging 10.7 grams palladium per tonne and 5.87% copper.

In early October, Grid signed an option agreement to acquire a 100% interest in a previously undiscovered spodumene and lepidolitebearing pegmatite property — the Campus Creek property — located 250 km northwest of Thunder Bay in Ontario. Grab samples from outcrops have returned good grades of lithium and anomalous amounts of cesium, rubidium and tantalum.

Geological sampling is underway.

Grid Metals has a market capitalization of $10 million. n HORIZONTE MINERALS Horizonte Minerals (TSX: HZM; US-OTC: HZMMF) owns 100% of two advanced nickel projects and hopes the area will become a new nickel district in Brazil’s Para state.

The Araguaia nickel project is at the feasibility stage with an amended 43-101 report dated April 2021. The company plans to produce 52,000 tonnes of ferronickel containing 14,500 tonnes of nickel annually over a mine life of 28 years.

The initial 28 years of open pit production will generate after-tax free cash flow of US$1.6 billion.

After taxes, the net present value (NPV), at an 8% discount rate,

See GREEN ENERGY METALS / 15

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15

Above left: Battery Mineral’s Punitaqui integrated copper and gold mining complex in Chile. BATTERY MINERAL RESOURCES Above right: A coin cell rechargeable NMC battery using recycled lithium, nickel, manganese, and cobalt from American Manganese’s patent pending lithium-ion battery cathode material recycling process. AMERICAN MANGANESE Left: The Ramu nickel-cobalt mine in Papua New Guinea. NICKEL 28

GREEN ENERGY METALS From 14

would be US$691 million with an internal rate of return (IRR) of 27%.

The initial capital requirement is US$443 million, and the project would pay for itself in three years.

Plan throughput could be doubled with the addition of a second rotary kiln electric furnace (RKEF) to double output. In that case, the mine life drops to 26 years, generating an after-tax cash flow of US$2.6 billion with an estimated NPV of US$741 million and IRR of 30.7%.

Construction of the second kiln would cost US$251 million and could be financed through operating cash flow. The payback period would be about four years.

The Araguaia project is construction ready, having received both its mining licence and powerline licence. The project has been de-risked, and negotiations are underway for long-lead time items.

Horizonte is also negotiating for key operating inputs such as electricity, logistics and consumables.

A syndicate of five international financial institutions have approved a senior secured project finance facility of up to US$346.2 million for the ferro-nickel project Horizonte’s second advanced project is Vermelho. It could be a producer of 25,000 tonnes of nickel and 1,250 tonnes of cobalt per year.

Again, this would be an open pit but with high pressure acid leaching (HPAL) of ore. The test work is done for producing a battery-grade product, and additional revenue would be generated by a fertilizer (kieserite) by-product. The company is advancing the Vermelho project to the feasibility stage.

The base case preliminary feasibility study, also completed in April 2021, put the initial capital cost at US$652 million, which could be paid back in just over four years.

Net cash flow would be US$7.3 bil-

lion over the life of the project. The after-tax NPV, at an 8% discount, would be US$1.7 billion, and the IRR 26.3%.

Vermelho has a considerable upside should the nickel price go from US$16,400 per tonne to US$19,800 per tonne. The capital requirement would remain the same, but the project would pay for itself in 3.6 years and generate $9.5 billion over the mine life. The after-tax NPV in that scenario would be US$2.3 billion and the IRR would be 31.5%.

Measured and indicated resources at Vermelho are 145.7 million tonnes grading 1.05% nickel and 0.05% cobalt. These resources contain 1.5 million tonnes of nickel and 77,300 tonnes of cobalt. All measured and indicated resources within the pit designs are classified as probable reserves. The inferred resource is 3.1 million tonnes grading 0.96% nickel and 0.04% cobalt, containing 29,000 tonnes of nickel and 1,400 tonnes of cobalt.

Horizonte believes both Araguaia and Vermelho will be low-carbon producers. They have access to hydroelectric power and will share infrastructure because of their relative proximity to each other.

Horizonte also owns the Serra do Tapa nickel project, about 90 km north of the Araguaia project. A 2016 mineral resource estimate outlined 70.3 million measured and indicated tonnes grading 1.22% nickel and 0.05% cobalt for 857,000 contained tonnes of nickel. The inferred resource stands at 2.7 million tonnes grading 1.14% nickel and 0.06% cobalt for 31,000 contained tonnes of nickel. There are currently no field activities at the property.

Horizonte Minerals has a market capitalization of $139 million. n NICKEL 28 CAPITAL Nickel 28 Capital (TSXV: NKL; US-OTC: CONXF) owns 8.5% of the Ramu mine, the only nickel-

cobalt producer in Papua New Guinea. The operator, Metallurgical Corp. of China, owns the rest.

Nickel 28 obtained its share in 2019 with the acquisition of Highlands

Pacific Ltd. When Nickel 28 repays Highlands’ share of the mine development costs, the company will own 11.3% The Ramu mine is located near Madang, on the north coast of the country. Production has exceeded design capacity for the past three years. Guidance for 2021 calls for 33,000 tonnes of nickel and 2,900 tonnes of cobalt. Production attributable to Nickel 28 is 2,900 tonnes of nickel and over 600,000 lb of cobalt per year.

The mine has proven and probable reserves of 54 million tonnes grading 0.88% nickel and 0.09% cobalt. The measured and indicated resources stand at 145 million tonnes grading 0.84% nickel and 0.09% cobalt, and the inferred portion is 21 million tonnes averaging 0.9% nickel and 0.1% cobalt.

The area of the defined resources covers less than 15% of Ramu’s exploration licence.

Equally important to Nickel 28 is its portfolio of prospective nickelcobalt properties in which it has royalties. Some of them are in Canada (Dumont, Turnagain, Triangle, Rusty Lake, Professor and Waldman, North Canol, and Sunset).

Two (Sewa Bay and Star Mountains) are in PNG, and two are in Australia (Nyngan and Flemington).

In Canada, Nickel 28 Capital has a 2% net smelter return (NSR) royalty on the Turnagain nickel-cobalt property in British Columbia and a 1.75% NSR royalty on the Dumont nickel-cobalt property in Quebec.

In Australia, the company has a 1.5% gross revenue royalty (GRR) on the Flemington cobalt-scandiumnickel project, and a 1.7% GRR on the Nyngan scandium project.

Nickel 28 expects that rising nickel and cobalt prices will increase See GREEN ENERGY METALS / 16

TSX-V: LIT | OTC: PNXLF | FSE: 0AY2

Energy from Experience Argentina Lithium & Energy Corp is focused on acquiring high quality lithium projects in Argentina, and advancing them towards production in order to meet the growing global demand from the battery sector. The management group has assembled a first rate team of experts to acquire and advance the best lithium properties in the renowned “Lithium Triangle”. www.argentinalithium.com

16

OCTOBER 25–NOVEMBER 7, 2021 / THE NORTHERN MINER

SPECIAL FOCUS GREEN ENERGY METALS

WWW.NORTHERNMINER.COM

The view looking northeast toward Clayton Valley Ridge with claystone outcrops visible in the foreground. CYPRESS DEVELOPMENT

GREEN ENERGY METALS From 15

its cash flow from the Ramu mine, and should they go into production, its royalty properties would provide a steady income stream.

Nickel 28 Capital has a market cap of $80 million. n TASEKO MINES The Gibraltar copper-molybdenum mine 65 km north of Williams Lake in British Columbia is the cornerstone of Taseko Mines’ (TSX: TKO; NYSE: TGB) growth strategy. The operation has a low carbon intensity benefitting from hydroelectric power.

Production began in 1972, but former owner Boliden suspended mining in 1998 due to low copper prices. Taseko purchased the property the following year, but it was not until 2004 that the operation was modernized and restarted.

Three major expansions have created a mine and 85,000-tonne-perday mill with an annual output of 135 million lb copper.

At a cut-off grade of 0.15% copper, Gibraltar has proven and probable reserves of 488 million tonnes (including ore stockpiles) grading 0.25% copper and 0.008% molybdenum. The mine life is about 17 more years.

The total measured and indicated resources (including reserves) are 907 million tonnes grading 0.25% copper and 0.007% molybdenum.

The inferred portion is 53.5 million tonnes grading 0.21% copper and 0.004% molybdenum.

In 2014 Taseko acquired the advanced-stage Florence Copper project 100 km southeast of Phoenix in Arizona. This is a particularly green project, the company says, as it is being developed with in situ recovery. A water-

based solution is injected into the deposit, the metal dissolves, and the copper-laden solution is pumped to the surface. It is currently operating as a phase one production test facility (PTF).

Taseko invested $25 million into the PTF and solvent extraction/ electrowinning (SX/EW) plant. It went into production in December 2018 with 24 wells. Eighteen months of testing provided the company with operational data, confirmed project economics, and produced high-quality copper cathode within stringent environmental guidelines.

Compared to conventional open pit mining, Florence Copper will consume 71% less energy, 93% less fresh water, and produce 83% fewer carbon emissions.

Taseko says it will take an initial capital expenditure of US$227 million to reach commercial op-

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eration at a rate of 85 million lb of copper annually over a 20-year mine life. The state has already issued a draft aquifer protection permit, and the company continues to advance its application for the underground injection control permit. Discussions with potential joint venture partners are also ongoing, as are Taseko’s efforts to raise the necessary capital.

Using a 0.05% total copper cutoff, probable reserves at Florence Copper are 313 million tonnes at a grade of 0.35% copper, for 2.5 billion lb of contained copper.

Reserves are contained within the measured and indicated resource of 389 million tonnes grading 0.33% copper for 2.8 billion lb of copper. There are also 300 million lb of contained copper within the 57 million inferred tonnes averaging 0.24% copper.

Taseko has two more advanced

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exploration projects in British Columbia — Yellowhead coppergold and Aley niobium.

The Yellowhead project has the potential to be a 90,000-tonneper-day open pit with about 15 billion lb of contained copper. A 43-101 technical report was completed in 2020 indicating the project would have a life of 25 years after an initial capital investment of $1.3 billion.

Yellowhead has measured and indicated resources of 1.2 billion tonnes grading 0.25% copper and 0.028 gram gold per tonne, plus 99 million inferred tonnes grading 0.024% copper and 0.026 gram gold per tonne. A cut-off of 0.15% copper-equivalent was used to calculate the resource.

The Aley niobium project in the northern part of B.C. is seen as a potential growth project. Niobium is used mostly in high-strength, lightweight and corrosion resistant steel. Taseko acquired the project, which contains one of the world’s largest niobium deposits, in 2007.

The Aley deposit has proven and probable reserves of 84 million tonnes grading 0.5% niobium oxide (Nb2O5) contained within 113 million tonnes of measured and indicated resources of 286 million tonnes grading 0.37% niobium oxide. The reserves are believed to contain 188 million kilograms of recoverable niobium.

Taseko is also the 100%-owner of the New Prosperity coppergold project 125 km southwest of Williams Lake in B.C. It is opposed by the Tsilhqot’in First Nation on whose land it is located. The project has been idled almost two years by mutual agreement of Taseko and the Tsilhqot’in government.

That ban on work is due to expire at the end of 2021.

Using a cut-off of 0.14% copper, the New Prosperity deposit has measured and indicated resources of 1 billion tonnes grading 0.24% copper and 0.41 gram gold per tonne. Within that material, the proven and probable reserves are 831 million tonnes grading 0.23% copper and 0.41 gram gold per tonne, containing 3.6 billion lb of recoverable copper and 7.7 million oz. of recoverable gold.

Taseko Mines has a market capitalization of $690 million. TNM

GLOBAL MINING NEWS

THE NORTHERN MINER / OCTOBER 25–NOVEMBER 7, 2021

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OCTOBER 25–NOVEMBER 7, 2021 / THE NORTHERN MINER

M A R K E T N EWS TORONTO STOCK EXCHANGE / OCTOBER 11—15 The S&P/TSX Composite Index rose 511.8 points or 2.51% to 20,928.10 during the Oct. 11 to Oct. 15 trading week. The S&P/TSX Global Mining Index increased 5.73 points or 6.02% to 100.85, and the S&P/TSX Global Base Metals Index rose 14.82 points or 9.3% to 174.39. The S&P/TSX Global Gold Index advanced 12.9 points or 4.8% to 281.74, and spot gold climbed US$10.30 per oz. to finish the week at US$1,767.40 per ounce.

First Quantum Minerals gained $4.40 to $29.90 per share. The miner announced a new US$2.925 billion term loan and revolving credit facility, which replaces its existing US$2.7 billion term loan and revolving credit facility due to mature in December 2022. The new facility consists of a US$1.625 billion term loan facility and a US$1.3 billion revolving credit facility maturing in September 2025.

Teck Resources’ A shares rose $3.00 to $40 and its B shares were up $2.89 to $36.17. The company announced that it has been named to the Forbes list of the World’s Best Employers of 2021, an employee-driven ranking of multinational companies and institutions. This is the second year in a row that Teck has been on the list. Forbes and market research firm Statista selected the companies through an independent survey applied to about 150,000

employees from 58 countries working full or part time.

Shares of Turquoise Hill Resources fell $1.96 to $16.23. The company reported thirdquarter production at the Oyu Tolgoi open pit mine in Mongolia on a 100% basis of 41,935 tonnes of copper and 130,799 oz. gold, year-onyear increases of 16% and 256%, respectively.

Turquoise Hill said its 2021 copper and gold production guidance remains 150,000 to 180,000 tonnes of copper and 400,000 to 480,000 oz. gold. The company also said that the full impact of previously disclosed open-pit geotechnical events as well as the ongoing impact of Covid-19 restrictions have resulted in delayed waste movement, which is forecast to result in deferral of some open-pit metal to beyond 2024.

As for underground development, Oyu Tolgoi TSX MOST ACTIVE ISSUES

Suncor Energy Trevali Mining B2Gold Corp Denison Mines Barrick Gold Fission Uran Nexgen Energy Kinross Gold Yamana Gold First Quantum

SU TV BTO DML ABX FCU NXE K YRI FM

VOLUME (000s) HIGH

WEEK LOW CLOSE CHANGE

37522 29.82 30889 0.25 28198 4.96 26046 2.21 19814 24.40 18628 1.13 17245 7.74 15848 7.66 15305 5.46 12167 30.28

28.32 29.11 + 0.30 0.19 0.23 + 0.04 4.49 4.88 + 0.34 1.69 2.03 + 0.33 22.82 23.66 + 0.57 0.80 1.07 + 0.26 6.00 7.44 + 1.43 7.03 7.57 + 0.49 5.07 5.39 + 0.27 25.29 29.90 + 4.40

“has been ready from a technical perspective to commence the undercut since July 2021.

However, undercut commencement remains delayed and is pending resolution of certain non-technical undercut criteria, including the support of all Oyu Tolgoi board directors to increase the underground development capital and to commence discussions with the project finance lenders, obtaining outstanding, required regulatory approvals and to agree on a pathway to meet OT’s long-term power requirements.”

It also noted that the underground delays and open-pit metal deferrals have caused an increase in the company’s base case estimated incremental funding requirement to US$3.6 billion. “While OT has indicated further openpit mine plan optimization opportunities are under consideration, which could have a favourable impact on the company’s estimated incremental funding requirement, related work is not expected to be completed until the first quarter of 2022.” TNM TSX GREATEST VALUE CHANGE

TSX GREATEST PERCENTAGE CHANGE VOLUME (000s) HIGH

Nevada Copper Sulliden Mng NorZinc Laramide Res Fission Uran Belo Sun Mng Global Atomic Forsys Metals Karnalyte Res Mandalay Res Monarch Mining Turquoise HIl Orea Mining Harte Gold Star Diamond Minco Silver SouthGobi Res Titan Mining Aura Minerals Novo Res

NCU SMC NZC LAM FCU BSX GLO FSY KRN MND GBAR TRQ OREA HRT DIAM MSV SGQ TI ORA NVO

VOLUME (000s)

WEEK LOW CLOSE CHANGE

10208 1.22 0.78 2651 0.19 0.13 2339 0.06 0.05 2924 0.99 0.70 18628 1.13 0.80 1342 0.69 0.48 3261 4.29 3.15 2440 1.18 0.83 114 0.16 0.12 346 2.67 1.95 516 0.84 0.74 2427 19.42 14.74 2984 0.24 0.16 2251 0.07 0.06 908 0.20 0.18 63 0.43 0.00 237 0.67 0.46 676 0.77 0.69 286 13.03 11.90 1268 1.80 1.60

1.07 0.18 0.06 0.94 1.07 0.67 4.07 1.04 0.15 2.43 0.74 16.23 0.20 0.06 0.19 0.40 0.60 0.69 12.45 1.72

+ + + + + + + + + + -

35.4 33.3 33.3 32.4 32.1 28.8 26.4 25.3 25.0 24.0 10.8 10.8 9.1 8.3 7.5 4.8 4.8 4.2 4.0 3.9

Lithium Amer Franco-Nevada First Quantum Cameco Corp Agnico Eagle Wheaton Prec Teck Res Teck Res Kirkland Lake Newmont Corp Turquoise HIl Aura Minerals Triple Flag Monarch Mining Novo Res Titan Mining SouthGobi Res Orea Mining Minco Silver Dynacor Gld Mn

LAC FNV FM CCO AEM WPM TECK.A TECK.B KL NGT TRQ ORA TFPM GBAR NVO TI SGQ OREA MSV DNG

5254 2544 12167 9267 5005 5071 13 9062 3966 866 2427 286 84 516 1268 676 237 2984 63 36

WEEK CLOSE

31.46 173.61 29.90 30.94 71.09 50.75 40.00 36.17 56.91 70.54 16.23 12.45 10.88 0.74 1.72 0.69 0.60 0.20 0.40 2.77

CHANGE

+ + + + + + + + + + -

5.79 4.57 4.40 4.35 3.80 3.12 3.00 2.89 2.84 2.81 1.96 0.52 0.32 0.09 0.07 0.03 0.03 0.02 0.02 0.02

TSX VENTURE EXCHANGE / OCTOBER 11—15 The S&P/TSX Venture Composite Index rose 60.19 points or 6.86% to 939.67. Spot gold closed the week at US$1,767.40 per oz., up US$10.30 per oz. or 0.59%.

Rock Tech Lithium surged $3.85 to $8.65 per share. The company announced it is planning to build Europe’s first lithium converter — a production plant for battery-grade lithium hydroxide — in Guben, Brandenburg. Production could start in 2024. Rock Tech said it plans to locate all of the production steps involved in lithium refining in one overall plant, and said the planned investment for all factory units could be as much as 470 million Euros (US$546 million). Rock Tech estimates that the plant would produce about 24,000 tonnes of lithium hydroxide a year, enough for about 500,000 electric vehicles. Rock Tech must pay 1.13 million euros (US$1.31 million) for the site.

The company also says that by 2030, it plans to obtain around 50% of the raw materials it uses from recycling spent batteries. “Our goal is to be the first company worldwide to create a closed loop for lithium,” Rock Tech’s CEO, Dirk Harbecke, stated in a news release. “Guben seems to us to be the ideal location for this, with subsidies also playing a significant role.”

Shares of New Found Gold rose 86¢ to $8.82.

The company reported drill results from the Keats zone at its Queensway project, 15 km west of Gander in Newfoundland. Highlights included drill hole 21-242, which returned 2.30 metres grading 10.83 grams gold per tonne starting from 49.80 metres downhole and drill hole 21-312, which intersected 6.50 metres grading 17.59 grams gold per tonne from 150.10 metres, including 2.30 metres of 47.50 grams gold. Drill hole 21-341 cut 2.40 metres of 22.20 grams gold from 203 metres, and drill hole 21-360 cut 5.20 metres of 61.50 grams gold starting at 260.80 metres, including a 2.70 metre interval of 117.15 grams gold.

Golden Valley Mines and Royalty gained TSX-V MOST ACTIVE ISSUES VOLUME (000s) HIGH

Arena Min Vision Lithium Neo Lithium Alphamin Res Azincourt Ener Northern Uran Leeta Gold GoviEx Uranium Anfield Energy Portofino Res

AN 23010 VLI 19737 NLC 19594 AFM 11876 AAZ 10881 UNO.H 10251 HIVE 9834 GXU 8104 AEC 7625 POR 7405

0.40 0.23 6.30 1.00 0.10 0.06 3.95 0.48 0.16 0.17

WEEK LOW CLOSE CHANGE

0.20 0.11 5.36 0.88 0.07 0.04 3.48 0.36 0.13 0.08

0.34 0.17 6.30 0.96 0.09 0.06 3.88 0.45 0.14 0.15

+ + + + + + + + + +

0.14 0.06 0.81 0.02 0.02 0.02 0.25 0.09 0.02 0.07

70¢ to $12.85. The company announced an option agreement with Eldorado Gold enabling Eldorado to earn up to an additional 50% stake in four prospects in Ontario and Quebec: Claw Lake Gold, Cook Lake and Murdock Creek in Ontario and Perestroika in Quebec. These prospects, along with five other prospects, were part of a joint-venture agreement between the two companies in

which Golden Valley had a 70% stake and Eldorado 30%. That joint-venture agreement will be terminated once conditions are met under the new agreement. Golden Valley also has the option to be assigned from Eldorado “for nominal consideration” Eldorado’s rights and interest in the other five prospects (Munro, Recession Larder, Matachewan in Ontario and Bogside in Quebec.) TNM

TSX-V GREATEST PERCENTAGE CHANGE VOLUME (000s) HIGH

Portofino Res Argentina Lith Rock Tech Lith Arena Min Orex Mnrls Niobay Metals Rainy Mtn Royl Vision Lithium Noble Metal Paleo Resource Clydesdale Res Pac Bay Mnrls Adex Mining Aurora Royal Cliffmont Res Golden Dawn Ml Madoro Metals Morien Res Giyani Gold Magnum Goldco

POR LIT RCK AN REX NBY RMO VLI NMG.H PRE CEO.H PBM ADE AUR.H CMO.H GOM MDM MOX EMM MGI

7405 3033 1920 23010 772 1118 448 19737 60 357 1 13 106 18 1 1365 285 1159 5823 411

0.17 0.52 8.70 0.40 0.13 0.55 0.26 0.23 0.02 0.04 0.05 0.10 0.02 0.06 0.14 0.25 0.10 0.56 0.61 0.10

TSX-V GREATEST VALUE CHANGE

WEEK LOW CLOSE CHANGE

0.08 0.25 4.60 0.20 0.08 0.33 0.16 0.11 0.00 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.36 0.44 0.08

0.15 0.50 8.65 0.34 0.13 0.54 0.25 0.17 0.02 0.03 0.05 0.09 0.01 0.04 0.14 0.18 0.07 0.39 0.44 0.08

+ + + + + + + + + + -

87.5 85.2 80.2 67.5 62.5 56.5 56.3 54.5 50.0 50.0 37.5 34.6 33.3 33.3 28.2 28.0 26.3 26.0 25.4 25.0

VOLUME (000s)

Rock Tech Lith Nouveau Monde Abitibi Royal Uranium Roylty Sigma Lithium New Found Gold Neo Lithium Golden Valley Los Andes Tanqueray Expl Arizona Metals Prosper Gold Aurania Res Giyani Gold Desert Mtn Egy Morien Res Wolfeye Res Midland Expl Millbank Mg Corsa Coal

RCK NOU RZZ URC SGML NFG NLC GZZ LA IPA AMC PGX ARU EMM DME MOX LXG MD MILL CSO

1920 463 60 1713 351 942 19594 284 22 108 755 157 200 5823 483 1159 188 332 3 819

WEEK CLOSE

8.65 10.14 28.77 5.88 11.80 8.82 6.30 12.85 9.00 8.19 4.30 1.27 1.44 0.44 2.50 0.39 0.47 0.54 0.42 0.85

CHANGE

+ + + + + + + + + + -

3.85 2.70 2.17 1.12 1.00 0.86 0.81 0.70 0.66 0.64 0.20 0.18 0.17 0.15 0.15 0.14 0.09 0.08 0.08 0.08

U.S. MARKETS / OCTOBER 11—15 The Dow Jones Industrial Average rose 548.51 points or 1.58% to 35,294.76 and the S&P 500 climbed 80.03 points or 1.82% to 4,471.37. Spot gold increased US$10.30 per oz. or 0.59% to US$1,767.40 per ounce.

Aluminum giant Alcoa posted the largest gain, rising US$9.97 per share to US$56 per share. High prices for aluminum and alumina drove record results for the third quarter. The company set a record for quarterly net income of US$337 million and earnings per share of US$1.76, with revenues of US$3.1 billion, up 10% from the second quarter. The company generated US$435 million in cash from operations and ended the quarter with US$1.45 billion in cash. It also announced plans to restart 268,000 tonnes of curtailed aluminum capacity at the Alumar smelter in Sao Luis, Brazil, to be fully operational in the fourth quarter of 2022.

Alcoa said it has redeemed US$500 million in higher interest rate notes and has no debt maturities until 2027. As of September 30, it had total debt of US$1.8 billion, down from US$2.3 billion in the second quarter.

Lithium Americas advanced US$4.83 to US$25.43. On October 7 the company reported an updated resource estimate for its Thacker Pass project in Nevada, 100 km northwest of Winnemucca. Thacker Pass now has measured

and indicated resources of 1.15 million tonnes grading 2,231 parts per million lithium for 13.7 million tonnes of lithium carbonate equivalent (LCE) and 391.6 million tonnes grading 2,112 parts per million lithium for 4.4 million tonnes lithium carbonate equivalent. The company is working on a feasibility study to incorporate a potential phase 2 expansion scenario. A 2018 prefeasibility study outlined an open pit mine with production capacity of 60,000 tonnes of LCE a year over a 46-year mine life. The company says all key state permits are expected to be released for public comment in the fourth quarter of this year, and at the federal level, a court hearing on the appeal of the Record of Decision is expected to take place in February 2022, with a ruling to follow.

U.S. MOST ACTIVE ISSUES VOLUME (000s)

Freeport McMoR* Vale* United States S* Barrick Gold* Cleveland-Clif* Alcoa* Kinross Gold* Yamana Gold* Cameco Corp* Chevron Corp*

HIGH

FCX 133750 39.01 VALE 126124 15.10 X 93116 22.88 GOLD 86021 19.74 CLF 84006 22.23 AA 61845 56.93 KGC 59717 6.20 AUY 53387 4.42 CCJ 51184 25.88 CVX 45689 110.03

WEEK LOW CLOSE CHANGE

34.44 14.26 21.21 18.31 21.10 47.15 5.61 4.04 21.16 106.17

38.64 14.78 22.11 19.13 21.46 56.00 6.11 4.36 24.99 109.61

+ + + + + + + + + +

4.51 0.21 1.41 0.61 0.83 9.97 0.44 0.26 3.68 1.56

Shares of Cameco gained US$3.68 to finish the trading week at US$24.99. The uranium miner has signed a memorandum of understanding (MOU) with Terrestrial Energy to examine potential partnership opportunities to use Terrestrial’s integrated molten salt reactor (IMSR) generation IV nuclear power plants. The two Canadian companies are also investigating the potential of Cameco’s Port Hope uranium conversion facility for IMSR fuel salt supply.

The MOU follows Terrestrial Energy’s prior agreements with Cameco to supply uranium products for its ongoing fuel testing programs.

The Terrestrial Energy IMSR power plant is one of three small modular reactors (SMRs) power plant designs under consideration for deployment at Ontario Power Generation’s (OPG) Darlington nuclear generating station.

It is also one of two Generation IV technology candidates under consideration by OPG. TNM U.S. GREATEST VALUE CHANGE

U.S. GREATEST PERCENTAGE CHANGE VOLUME (000s) HIGH

Nouveau Monde* Lithium Amer* Alcoa* Intrepid Pots* Cameco Corp* Eldorado Gold* HudBay Min* Ero Copper* NACCO Ind* Freeport McMoR* Turquoise HIl* CONSOL Energy* Trecora Res* CONSOL Energy* Peabody Enrgy* Arch Resources* Black Hills* Vale* Chevron Corp* Hecla Mining*

NMG LAC AA IPI CCJ EGO HBM ERO NC FCX TRQ CEIX TREC CNX BTU ARCH BKH VALE CVX HL

856 8.19 30456 26.07 61845 56.93 1002 43.60 51184 25.88 11313 9.68 6725 7.57 100 20.95 166 44.00 133750 39.01 6046 15.70 2531 35.86 158 8.29 11580 13.80 30334 17.90 2482100.91 1084 65.28 126124 15.10 45689110.03 45184 5.74

VOLUME (000s)

WEEK LOW CLOSE CHANGE

5.94 8.19 21.00 25.43 47.15 56.00 35.55 41.42 21.16 24.99 8.38 9.64 6.61 7.48 18.50 20.95 33.87 38.45 34.44 38.64 11.92 13.13 31.67 32.66 7.89 7.94 12.97 13.25 15.51 15.96 94.27 94.35 62.78 64.57 14.26 14.78 106.17 109.61 5.09 5.58

+ + + + + + + + + + + + + + +

36.5 23.4 21.7 18.2 17.3 14.2 13.9 13.7 13.7 13.2 9.8 3.8 2.5 2.1 0.6 0.1 0.9 1.4 1.4 1.5

Alcoa* AA MartinMarietta* MLM Southern Copp* SCCO Intrepid Pots* IPI Franco-Nevada* FNV Lithium Amer* LAC NACCO Ind* NC Freeport McMoR* FCX Cameco Corp* CCJ Agnico Eagle* AEM Turquoise HIl* TRQ CONSOL Energy* CEIX CONSOL Energy* CNX Trecora Res* TREC Peabody Enrgy* BTU McEwen Mng* MUX Hecla Mining* HL Arch Resources* ARCH Coeur Mng* CDE Vale* VALE

61845 1256 7861 1002 2992 30456 166 133750 51184 7243 6046 2531 11580 158 30334 13781 45184 2482 22236 126124

WEEK CLOSE

56.00 365.77 66.21 41.42 140.74 25.43 38.45 38.64 24.99 57.43 13.13 32.66 13.25 7.94 15.96 1.16 5.58 94.35 6.36 14.78

CHANGE

+ + + + + + + + + + + + + + +

9.97 7.97 7.61 6.38 5.18 4.83 4.63 4.51 3.68 3.45 1.42 1.29 0.29 0.20 0.09 0.07 0.08 0.11 0.16 0.21

GLOBAL MINING NEWS

THE NORTHERN MINER / OCTOBER 25–NOVEMBER 7, 2021

19

M E TA L S , M I N I N G A N D M O N EY M A R K E T S PRODUCER AND DEALER PRICES

LME WAREHOUSE LEVELS Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening on October 14 2021 (change from October 7 2021 in brackets): Aluminium Alloy Aluminium Copper Lead Nickel Tin Zinc

1820 1126550 187050 48625 146292 880 189600

Coal: Central Appalachia, 12,500 Btu, 1.2 S02-R,W: US$75.50 Coal: Powder River Basin, 8,800 Btu, 0.8 S02-R, W: US$13.25 Cobalt: US$25.43/lb.

Copper: US$4.79 Copper: CME Group Futures November 2021: US$4.72/lb.; December 2021: US$4.71/lb Iridium: NY Dealer Mid-mkt US$4,600.00/tr oz.

Iron Ore 62% Fe CFR China-S: US$125.50 Lead: US$1.09/lb.

Rhodium: Mid-mkt US$14,200.00 tr. oz.

Ruthenium: Mid-mkt US$650.00/tr. oz.

Silver: Handy & Harman Base: US$23.33 per oz.; Handy & Harman Fabricated: US$29.16 per oz.

Tin: US$17.67/lb.

Uranium: U3O8, Trade Tech spot price: US$37.40 per lb. U308 Zinc: US$1.72 per lb.

Prices current Oct. 19, 2021

(0) (-62025) (-13525) (-1000) (-5436) (-155) (-8950)

TSX SHORT POSITIONS

TSX VENTURE SHORT POSITIONS

Short positions outstanding as of September 30, 2021 (with changes from September 15, 2021) Largest short positions Suncor Energy SU 28345284 4768970 9/15/2021 Lundin Mng LUN 14497405 1326671 9/15/2021 Ivanhoe Mines IVN 14472872 -498948 9/15/2021 Fission Uran FCU 13317563 -1622981 9/15/2021 New Gold NGD 12993546 1583533 9/15/2021 Argonaut Gold AR 12723870 -323564 9/15/2021 Kinross Gold K 12300817 4058405 9/15/2021 Barrick Gold ABX 11729290 4151064 9/15/2021 Yamana Gold YRI 11110707 4309708 9/15/2021 B2Gold Corp BTO 10738837 2497069 9/15/2021 Fortuna Silvr FVI 8633911 199151 9/15/2021 Equinox Gold EQX 7774159 -48021 9/15/2021 First Quantum FM 7765841 361616 9/15/2021 Wheaton Prec WPM 7709205 291259 9/15/2021 Nexgen Energy NXE 7613469 -1377921 9/15/2021 Largest increase in short position Suncor Energy SU 28345284 4768970 9/15/2021 Yamana Gold YRI 11110707 4309708 9/15/2021 Barrick Gold ABX 11729290 4151064 9/15/2021 Kinross Gold K 12300817 4058405 9/15/2021 Orea Mining OREA 3174221 3092847 9/15/2021 Largest decrease in short position Arizona Gold SGLD 136723 -1884275 9/15/2021 Fission Uran FCU 13317563 -1622981 9/15/2021 Nexgen Energy NXE 7613469 -1377921 9/15/2021 Azarga Uranium AZZ 809898 -1157498 9/15/2021 Laramide Res LAM 2452361 -1127633 9/15/2021

Short positions outstanding as of September 30, 2021 (with changes from September 15, 2021) Largest short positions EnCore Energy EU 4513696 698831 9/15/2021 ZEN Graphene ZEN 1810108 817382 9/15/2021 GoviEx Uranium GXU 1738650 -151608 9/15/2021 Pure Gold Mg PGM 1651786 -3007629 9/15/2021 Anfield Energy AEC 1463133 -239843 9/15/2021 Uragold Bay Rs HPQ 1409982 -274189 9/15/2021 Rathdowney Res RTH 1318000 1291000 9/15/2021 Baselode Egy FIND 1218699 772040 9/15/2021 Wealth Mnrls WML 1112172 946946 9/15/2021 American Lith LI 1056320 586030 9/15/2021 Kanadario Gold GMIN 1015290 10144 9/15/2021 Millennial Lit ML 980531 279714 9/15/2021 Cons Uranium CUR 911491 526134 9/15/2021 Southern Silvr SSV 895571 44328 9/15/2021 IsoEnergy Ltd ISO 892801 110765 9/15/2021 Largest increase in short position Rathdowney Res RTH 1318000 1291000 9/15/2021 Wealth Mnrls WML 1112172 946946 9/15/2021 Strikepoint Gd SKP 882050 820720 9/15/2021 ZEN Graphene ZEN 1810108 817382 9/15/2021 Baselode Egy FIND 1218699 772040 9/15/2021 Largest decrease in short position Fission 3.0 FUU 139427 -4094121 9/15/2021 Pure Gold Mg PGM 1651786 -3007629 9/15/2021 Candelaria Mg CAND 11000 -2160500 9/15/2021 Blue Sky Uran BSK 212149 -1798939 9/15/2021 Standard Uran STND 284046 -1569662 9/15/2021

DAILY METAL PRICES Date Oct 15 Oct 14 Oct 13 Oct 12 BASE METALS (London Metal Exchange -- Midday official cash/3-month prices, US$ per tonne) Al Alloy 2872/2850 2723/2700 2723/2700 2723/2700 Aluminum 3162/3162 3151.5/3171 3075/3089 3052/3073 Copper 10550/10175 9970/9835 9660/9559.5 9584/9495 Lead 2400/2338 2328/2258 2329/2244 2288/2237 Nickel 19850/19825 19285/19255 19230/19185 19365/19330 Tin 3793/3755 3550/3500 3408/3369 3247/3244 Zinc 3793/3755 3550/3500 3408/3369 3247/3244 PRECIOUS METAL PRICES (London fix, LBMA silver price, US$ per troy oz.)

Gold AM 1781.45.

1797.15 1767.45 Gold PM 1772.65 1798.70 1785.70 Silver 23.24 23.34 22.89 Platinum 1049 1033 1009 Palladium 2121 2160 2051

Oct 11 2623/2600 3020/3033 9525/9475 2280/2235 19410/19360 3198/3193 3197/3193

1759.10 1767.75 22.64 1009 2050

1752.55 1752.55 22.52 1029 2120

EXCHANGE RATES Date US$ in C$ C$ in US$

Oct 15 1.2377 0.8089

Oct 14 1.2376 0.8080

Oct 13 1.2439 0.8039

Oct 12 1.2477 0.8015

Exchange rates (Quote Media, October 15, 2021) C$ to AUS C$ to EURO C$ to YEN 1.089 0.6968 92.3540 C$ to UK Pound C$ to China Yuan C$ to India Rupee 0.5882 5.2028 60.6578 US to AUS US to EURO US to YEN 1.3481 0.8621 114.3805 US to UK Pound US to China Yuan US to India Rupee 0.7274 6.4358 75.0350

Oct 11 1.2481 0.8012

C$ to Mex Peso 16.4413 C$ to Swiss Franc 0.7466 US to Mex Peso 20.3396 US to Swiss Franc 0.9234

C$ to SA Rand 11.8062 C$ to S. Korea Won 956.1371 US to SA Rand 14.5075 US to S. Korea Won 1182.7900

TSX WARRANTS Alio Gold Inc. (ALO.WT) - 10 Warrants to purchase one common share of the Issuer at $7.00 until expiry Alio Gold Inc. J (ALO.WT.A) - One Warrant to purchase one common share of the Issuer at $8.00 until expiry Aris Gold Corporation (ARIS.WT) - One Warrant to purchase one Common Share of the Issuer at $2.75 until expiry.

Ascendant Resources (ASND.WT) - Wt buys sh @ $1.25 to Mar 7/22 eCobalt Solutions Inc. J (ECS.WT) - One Warrant to purchase one common share of the Issuer at US$1.95 per share until expiry Excellon Resources Inc (EXN.WT.A) - One warrant to purchase one common share of the Issuer at $2.80 until expiry Excellon Resources Inc. (EXN.WT) - One Warrant to purchase one common share of the issuer at $1.40 per share until expiry Excelsior Mining Corp. (MIN.WT) - One Warrant to purchase one Common Share of the Issuer at $1.25 until expiry.

Gran Colombia Gold (GCM.WT.B) - One warrant to purchase one common share of the Issuer at $2.21 until expiry.

Karora Resources Inc. (KRR.WT) - One

Warrant to purchase one common share of the Issuer at $0.50 until expiry.

Liberty Gold Corp. Wt (LGD.WT) - One Warrant to purchase one common share of the Issuer at $0.90 until expiry may 16, 2019 Lithium Americas Corp (LAC.WT) - One Warrant to purchase one common share of the Issuer at $0.90 until expiry Lydian International Limited (LYD.WT) One Warrant to purchase one additional ordinary share of the Issuer at $0.36 per share until expiry Nevada Copper Corp. (NCU.WT) - One Warrant to purchase one common share of the Issuer at $0.20 until expiry Nevada Copper Corp. (NCU.WT.A) - One Warrant to purchase one common share of the Issuer at $0.22 until expiry Nomad Royalty Company Ltd. (NSR.WT) One Warrant to purchase one common share of the Issuer at $1.71 until expiry.

Novo Resources Corp. (NOVO.WT.A) One Warrant to purchase one common share of the Issuer at $3.00 until expiry.

Osisko Gold Royalties (OR.WT) - Wt buys sh @ $36.5 to Feb 18/22

ABE Resources Inc. (ABE.WT) - One warrant to purchase one common share at $0.15 per share.

Alpha Lithium Corporation (ALLI.WT) One warrant to purchase one common share at $1.10 per share.

American Cumo Mining Corp. (MLY.RT) 2 rights and $0.07 are required to purchase one share American Lithium Corp. (LI.WT) - One warrant to purchase one common share at $0.30 per share.

Antioquia Gold Inc. (AGD.RT) - One (1) Right and $0.042 are required to purchase one share.

Aurania Resources Ltd. (ARU.RT) - Fourteen (14) Rights exercisable for one common share at $2.70 per common share.

Aurania Resources Ltd. (ARU.WT) - One warrant to purchase one common share at $5.50 per share.

Aurania Resources Ltd. (ARU.WT.A) - One warrant to purchase one common share at $4.25 per share.

Avidian Gold Corp. (AVG.RT) - Three rights and $0.11 are required to purchase one Share.

Boreal Metals Corp. (BMX.WT) - One warrant to purchase one common share at $0.50 per share.

Boreal Metals Corp. (BMX.WT) - One warrant to purchase one common share at $0.30 per share.

Cabral Gold Inc. (CBR.WT) - One warrant to purchase one common share at $0.80 per share.

Caldas Gold Corp. (CGC.WT) - One warrant to purchase one common share at $2.75 per share.

Cordoba Minerals Corp (CDB.WT) - One warrant to purchase one common share at $1.08 per share.

Cordoba Minerals Corp (CDB.WT) - One warrant to purchase one common share at $1.08 per share.

Cordoba Minerals Corp. (CDB.RT) - One (1) Right exercisable for One (1) Rights Share at $0.05 per Share.

Cordoba Minerals Corp. (CDB.RT) - One right to purchase one common share at $0.54 per share.

Denarius Silver Corp. (DSLV.WT) - One warrant to purchase one common share at

$0.80 per share.

Empress Royalty Corp. (EMPR.WT) - One warrant to purchase one common share at $0.75 per share.

Equinox Gold Corp (EQX.WT) - One warrant to purchase one common share at $3.00 per share.

Eros Resources Corp. (ERC.WT) - One (1) Right exercisable for (1) Unit at $0.05 per Unit.

Falco Resources Ltd. (FPC.WT) - One warrant to purchase one common share at $1.70 per share.

Firefox Gold Corp. (FFOX.WT) - One warrant to purchase one common share at $0.60 per share.

Firefox Gold Corp. (FFOX.WT) - One warrant to purchase one common share at $3.00 per share.

Giga Metals Corporation (GIGA.WT) One warrant to purchase one common share at $0.60 per share.

Goldstar Minerals (GDM.RT) - One Right to purchase one common share at $0.03 per share.

Goldstar Minerals Inc. (GDM.RT) - One (1) Right and $0.05 are required to purchase one common share.

Kaizen Discovery Inc. (KZD.RT) - One warrant to purchase one common share at $0.51 per share.

LaSalle Exploration Corp. (LSX.WT) - One warrant to purchase one common share at $0.15 per share.

Lion One Metals Limited (LIO.WT) - One warrant to purchase one common share at $2.75 per share.

LSC Lithium Corporation (LSC.RT) - One (1) right exercisable for One (1) Unit at $0.40 per Unit.

Mako Mining Corp. (MKO.RT) - Rights exercisable for One (1) share at $0.10 per share.

Mako Mining Corp. (MKO.WT.A) - One warrant to purchase one common share at $0.60 per share.

Manganese X Energy Corp. (MN.WT) One warrant to purchase one common share at $0.15 per share.

Maple Gold Mines Ltd. (MGM.WT) - One warrant to purchase one common share at $0.40 per share Maple Gold Mines Ltd. (MGM.WT) - One

TSX VENTURE WARRANTS

Oct 08 ($) 22.85 64.26 60.19 50.55 13.36 11.49 25.20 26.93 13.86 16.82 17.69 49.97 8.17 59.94 51.55 51.90 43.30

Change ($) 1.25 3.78 3.74 2.81 0.64 0.71 1.26 1.28 0.80 0.80 0.85 3.58 0.56 3.52 2.93 2.94 2.16

Change (%) 5.47 5.89 6.22 5.56 4.78 6.17 5.01 4.75 5.75 4.79 4.80 7.17 6.87 5.88 5.67 5.67 4.99

YTDChange (%) -18.34 -22.84 -25.23 -15.46 -16.43 -21.14 -21.04 -16.13 -17.78 -15.35 -18.18 -22.49 -30.19 -18.07 -20.38 -20.40 -17.72

warrant to purchase one common share at $0.40 per share Mexican Gold Corp. (MEX.WT) - One warrant to purchase one common share at $0.12 per share.

Millennial Lithium Corp. (ML.WT) - One warrant to purchase one common share at $4.25 per share.

Millennial Lithium Corp. (ML.WT) - One right to purchase one common share at $4.80 per share.

Mineworx Technologies Ltd. (MWX.RT) One right to purchase one common share at $0.015 per share.

Northern Vertex Mining Corp. (NEE.WT) One warrant to purchase one common share at $0.80 per share.

Novo Resources Corp. (NVO.WT) - One warrant to purchase one common share at $4.40 per share.

Orezone Gold Corporation (ORE.WT) One warrant to purchase one common share at $0.80 per share.

Orezone Gold Corporation (ORE.WT) One warrant to purchase one common share at $0.80 per share.

Sandfire Resources America Inc. (SFR.RT) Forty one (41) Rights exercisable for One (1) Share at $0.15 per Share.

Sandfire Resources America Inc. (SFR.RT) Eight (8) Rights exercisable for One (1) share at $0.06 per unit.

Star Royalties Ltd. (STRR.WT) - One warrant to purchase one common share at $1.00 per share.

Three Valley Copper Corp. (TVC.WT) - 20 warrants to purchase one Class A common share at $6.66 per share.

Tintina Resources Inc. (TAU.RT) - Nine(9) Rights exercisable for one share at $0.06 per share.

Ucore Rare Metals Inc. (UCU.RT) - One (1) right exercisable for one share at $4.00 per share.

Vision Lithium Inc. (VLI.WT) - One warrant to purchase one common share at $0.15 per share.

Westhaven Gold Corp. (WHN.WT) - One warrant to purchase one common share at $1.00 per share.

Yellowhead Mining Inc. (YMI.RT) - One (1) Right and $0.12 are required to prchase one Share

NORTH AMERICAN STOCK EXCHANGE INDICES 52-week

IndexName S&P/TSX Composite S&P/TSXV Composite S&P/TSX 60 S&P/TSX Global Gold DJ Precious Metals

CANADIAN GOLD MUTUAL FUNDS FundName Oct 15 ($) BMO Prec Mtls Fd A 24.10 BMO ZGD 68.04 BMO ZJG 63.94 CI Pre Met Fd A 53.36 CIBC Prec Metal Fd A 14.00 Dyn Prec Metls Fd A 12.20 Harvest HGGG 26.46 Horizons HEP 28.21 IG MacGbPreMetCl A 14.66 iShares XGD 17.62 NBI PrecMetFd Invt 18.54 NPT Go&PrMinFd A 53.55 NPT SilverEquCl A 8.74 Prec Met Fd A 63.47 RBC GblPreMetFd A 54.48 RBC GblPreMetFd Adv 54.84 TD Prec Mtl Fd Inv 45.46

Platinum Group Metals Ltd. (PTM.WT.U) One Warrant to purchase one common share of the Issuer at US$0.17 until expiry Royal Nickel Corporation (RNX.WT) - One Warrant to purchase one common share of the Issuer at $0.50 until expiry.

Sandstorm Gold (SSL.WT.B) - One Warrant to purchase one common share of the Issuer at US $14.00 until expiry.

Sherritt International Corporation (S.WT) Each whole Warrant entitles the holder to acquire between 1.00 and 1.25 additional common shares (as bulletin 2018-0062 table ) determined based on the Applicable Reference Cobalt Price at an exercise price of $1.95 per Warrant at any time prior to the Expiry Date Sprott Resource Corp (SRHI.WT) - Wt buys sh @ $0.3333 to Feb 09/22 Treasury Metals Inc. Wt (TML.WT) - One Warrant to purchase one common share of the Issuer at $1.50 until expiry.

Trevali Mining Corporation (TV.WT) - One Warrant to purchase one common share of the Issuer at $0.23 until expiry.

Oct 15 20928.10 937.67 1256.43 281.74 260.11

Oct 14 20819.94 925.43 1247.86 284.42 260.11

Oct 13 20618.47 918.59 1235.85 280.26 254.57

Oct 12 20437.12 896.79 1226.31 272.14 246.64

Oct 11 20416.31 877.48 1226.76 268.84 242.41

High 20969.36 1113.64 1258.73 380.32 334.44

Low 15418.46 676.47 919.76 257.81 230.26

NEW 52-WEEK HIGHS AND LOWS OCTOBER 11-15, 2021 MER (%) 2.40 0.55 0.55 2.31 2.29 2.67 0.68 0.81 2.64 0.61 2.46 3.19 2.98 2.52 2.09 2.12 2.26

TotalAssets (M$) 50.74 65.48 71.80 328.02 55.18 508.12 5.51 22.20 1044.43 26.15

57.60 393.46 1.92 118.94

90 New Highs 1111 Explor Abitibi Royal Abitibi Royal* Alcoa* Alphamin Res Alphamin Res * Alumina Ltd* Arena Min Arena Min* Argentina Lith Argentina Lith* Asante Gold Bannerman Egy* Baselode Egy Baselode Egy* BC Moly * Bearing Lith* Black Shield Blue River Res* Brookmount Exp* Colonial Coal

CONSOL Energy* Copper Lake Rs CWN M’g Acq Diamcor Mng* EastCoal Inc Emerita Res Emerita Res* Euro Manganese* Foran Mining Foran Mining* Four Nines Four Nines* GGX Gold* Glencore Plc * Glencore Plc* Gold Reserve* Golden Valley* Greenland Res Greenshield Ex Hemcare Health* Intrepid Pots* Josemaria Res Kiplin Metals

Leopard Lake Meridian Mg Meridian Mg * Metalo Manuf Metals X* Millennial Pr* Moneta Porcpn* Mosaic* NACCO Ind* Natural Res Pt* Neo Lithium Neometals* Nevada Copper Nevada Lithium Nexgen Energy* NGEx Minerals NGEx Minerals* Noront Res* North Am Nickl North Am Nickl* Nutrien Nutrien* Origen Res*

Pegasus Res* Perseus Mng Pine Cliff En Pine Cliff En* Questex Gold* Rainy Mtn Royl Rock Tech Lith* Sailfish Rylty Saturn Mnrls Sidney Resrces* Sigma Lithium Sigma Lithium* South32* Strongbow Expl Sulliden Mng* TDG Gold Teck Res Teck Res* TriMetals Mng* Trinity Res* Ultra Resource Ultra Resource* Usha Res*

41 New Lows

Midland Expl

Angold Res Aurania Res Aurion Res Callinex Mines* Canada Silver Canada Silver* Cipher Mining* Copper One * Falco Res Fathom Nickel* Fredonia Mg* Freegold Vent Galleon Gold* Galway Mtls Gold Line Res Gold Std Vents* Golden Spike Highland Copp* Irving Res Mantaro Silver MegaWatt Lith*

Mineworx Tech Mineworx Tech* Nevada Expl * Noka Res* Novo Res Orla Mining Perpetua Res* Rio2 Limited* Royal Gold* San Lorenzo* Santacruz Silv Silver X Stelmine Can* Tajiri Res* Talisker Res Terrax Mnrls* Teuton Res* Turmalina Met West Mining*

GLOBAL MINING NEWS · SINCE 1915 Financial information provided by Fundata Canada Inc. ©Fundata Canada Inc. All rights reserved

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LEGEND A C L N O Q T V X *

– – – – – – – – – –

Australian Securities Exchange Canadian Stock Exchange London Stock Exchange New York Stock Exchange U.S. over-the-counter NASDAQ or U.S. OTC Toronto Stock Exchange TSX Venture Exchange NYSE American Denotes price in U.S.$

STAFF INVESTMENT POLICY The Northern Miner does not permit any editorial employee to file stories about companies in which the writer owns shares. Editorial employees are also not permitted to take part in initial public offerings or to engage in short selling.

CONVERSIONS OF WEIGHTS & MEASURES 1 troy ounce = 31.1 grams 1 kilogram = 32.15 troy ounces 1 kilogram = 2.2046 pounds 1 (metric) tonne = 1,000 kilograms 1 (metric) tonne = 2,204.6 pounds 1 (short) ton = 2,000 pounds

1 (metric) tonne = 1.1023 (short) tons 1 gram per (metric) tonne = 0.02917 troy ounces per (short) ton = 0.03215 troy ounces per (metric) tonne 1 kilometre = 0.6214 miles 1 hectare = 2.47 acres

20

S T O C K TA B L E S

MINING STOCKS listed on CANADIAN and U.S. EXCHANGES TRADING: OCTOBER 11–15, 2021 (100s) Stock

WWW.NORTHERNMINER.COM

OCTOBER 25–NOVEMBER 7, 2021 / THE NORTHERN MINER

Exc Volume

Week High

Low

Last

12-month Change

High Low

A 1111 Explor 1844 Resources 1911 Gold* 1911 Gold 55 North 79North A.I.S Res* A.I.S Res Abacus Mining* Abacus Mining Abcourt Mines Abcourt Mines* Aben Resources* Aben Resources Abitibi Royal* Abitibi Royal AbraSilver Res* AbraSilver Res Academy Metals* Academy Metals ACME Lithium Adamera Min Adamera Min* Adex Mining Advance Gold Advance United Adventus Adventus* Adyton Res AEX Gold African Gold* African Gold African Metals African Min* African Rainbo* Aftermath Silv* Agnico Eagle* Agnico Eagle AgriMinco* Aguila Amer Gd* Aguila Amer Gd Aiml Res* AJN Resources Alamos Gold Alamos Gold* Alcoa* Aldebaran Res* Aldebaran Res Alexandra Cap* Alexco Res* Alexco Res Alianza Min Alianza Min* Alien Metals* All American* Allegiant Gold Allegiant Gold* Alliance Mng Alliance Res* Allied Copper Alma Gold Almaden Min* Almaden Min Almadex Min* Almadex Min Almonty Ind Almonty Ind * Aloro Mining Alpha Lithium Alphamin Res * Alphamin Res Altai Resource Altair Res Inc* Altair Res Inc Altaley Mining Altaley Mining* Altamira Gold* Altamira Gold Altan Nevada Altan Rio Min Altiplano Met Altiplano Met* Altius Mnrls Altius Mnrls * Alto Ventures Alto Ventures* Altura Mining* Alturas Min Altus Strat Altus Strat* Alumina Ltd* ALX Resources ALX Resources* AM Resources Amani Gold* Amarc Res Amarc Res* Amarillo Gold Amarillo Gold* Amer Intl Vent* American Creek* American Creek American CuMo American CuMo* American Eagle American Lith* American Lith American Mang* American Mang American Pac AmericanSierra* Americas Silvr* Americas Silvr Amerigo Res Amerigo Res* Ameriwest Lith* Ameriwest Lith Amex Expl Amex Expl* Amilot Capital AmmPower AmmPower* Amseco Expl AMV Capital Anaconda Mng* Anaconda Mng Anacortes Mg Anacortes Mg Andean Prec Andean Prec* Andes Gold* Andover Mng* Anfield Energy* Anfield Energy Angel Gold* Angel Gold Angkor Gold* Angkor Res Anglo American* Anglo American* Anglo Pac Grp AngloGold Ash* AngloGold Ash* Angold Res Angus Gold* Angus Gold Antioquia Gold* Antioquia Gold Antler Gold * Antler Gold Antler Hill Antofagasta* Apex Res * Apogee Min Apollo Silver Apollo Silver* Appia Energy* Appia Energy Applied Min* Aquila Res* Aquila Res Arbor Metals Arch Resources* Archer Explor Archon Mineral Arcland Res ArcPacific Res* ArcPacific Res Arctic Star* Arctic Star Arcturus Vent* Arcus Dev Grp Arcwest Explor Arcwest Explor* Arena Min* Arena Min

C 14 V 192 O 446 V 355 C 300 C 209 O 71 V 4471 O 140 V 190 V 781 O 100 O 228 V 1515 O 5 V 60 O 2864 V 4041 O 0 V 17 C 97 V 473 O 113 V 106 V 1315 C 373 V 507 O 110 V 1769 V 294 O 435 V 1379 V 19 O 244 O 0 O 969 N 7243 T 5005 O 50 O 20 V 38 O 47 C 33 T 3577 N 14864 N 61845 O 191 V 448 O 2625 X 3868 T 1225 V 239 O 138 O 159 O 119461 V 336 O 121 V 7 D 2619 V 0 C 207 X 2044 T 36 O 77 V 379 T 293 O 128 V 10 V 1131 O 1228 V 11876 V 72 O 319 V 116 V 1022 O 221 O 77 V 265 V 525 V 55 V 2055 O 902 T 483 O 217 V 1202 O 82 O 3 V 206 V 12 O 8 O 167 V 2168 O 1070 V 442 O 2395212 V 230 O 21 V 393 O 39 O 142 O 260 V 417 V 115 O 69 V 981 O 5361 V 6420 O 3581 V 5994 C 2004 O 4 X 4168 T 879 T 2952 O 1962 O 3367 C 2587 V 459 O 281 V 0 C 1546 O 1207 V 0 V 15 O 223 T 490 V 208 V 0 V 209 O 25 O 1 O 206 O 2261 V 7625 O 21 V 45 O 16 V 106 O 6 O 1069 T 10 O 1 N 14095 V 721 O 18 V 55 O 63 V 24 O 0 V 11 V 0 O 7 O 5 V 10 V 1180 O 248 O 799 C 1271 O 10672 O 704 T 536 V 60 N 2482 C 27 V 0 V 4 O 50 V 172 O 3 V 3530 O 3 V 379 V 127 O 74 O 9037 V 23010

0.15 0.09 0.32 0.40 0.05 0.16 0.05 0.07 0.09 0.10 0.10 0.08 0.04 0.05 23.03 28.77 0.43 0.52 0.00 0.48 1.11 0.06 0.04 0.02 0.07 2.09 0.96 0.76 0.09 0.54 0.14 0.18 0.09 0.00 0.00 0.45 58.29 72.08 0.01 0.19 0.20 0.50 0.29 10.13 8.20 56.93 0.52 0.61 0.51 1.86 2.29 0.10 0.09 0.01 0.00 0.37 0.30 0.66 12.23 0.00 0.15 0.40 0.51 0.23 0.28 0.91 0.73 0.05 0.81 0.81 1.00 0.08 0.09 0.13 0.44 0.35 0.22 0.27 0.02 0.16 0.32 0.26 17.73 14.30 0.35 0.28 0.01 0.03 1.12 0.87 6.99 0.13 0.10 0.08 0.00 0.13 0.09 0.27 0.23 0.02 0.21 0.22 0.05 0.04 0.12 2.46 3.04 0.75 0.91 1.20 0.05 0.84 1.05 1.53 1.24 0.73 0.90 2.70 2.16 0.00 0.60 0.49 0.00 0.12 0.54 0.67 2.50 0.00 1.19 0.88 0.00 0.00 0.13 0.16 0.01 0.02 0.07 0.09 39.80 20.21 2.47 16.50 19.22 0.21 0.68 0.84 0.03 0.05 0.00 0.16 0.00 20.53 0.02 0.11 0.77 0.65 0.65 0.82 0.02 0.07 0.09 2.21 100.91 0.75 0.00 0.17 0.05 0.07 0.06 0.07 0.02 0.04 0.08 0.06 0.33 0.40

0.15 0.08 0.26 0.33 0.05 0.12 0.04 0.05 0.08 0.00 0.09 0.07 0.04 0.05 21.74 26.50 0.33 0.41 0.00 0.00 1.02 0.05 0.00 0.00 0.06 0.85 0.89 0.71 0.07 0.45 0.12 0.16 0.00 0.00 0.00 0.35 53.27 66.40 0.01 0.15 0.00 0.42 0.25 9.15 7.34 47.15 0.47 0.56 0.32 1.49 1.88 0.00 0.07 0.01 0.00 0.29 0.20 0.00 11.33 0.00 0.05 0.38 0.48 0.20 0.25 0.87 0.62 0.00 0.65 0.73 0.88 0.00 0.08 0.00 0.38 0.29 0.18 0.24 0.00 0.00 0.27 0.22 15.81 12.01 0.27 0.20 0.01 0.00 0.00 0.00 6.36 0.10 0.08 0.07 0.00 0.11 0.09 0.25 0.20 0.00 0.14 0.18 0.00 0.03 0.00 1.95 2.42 0.58 0.71 0.99 0.00 0.76 0.94 1.27 0.96 0.64 0.74 2.35 1.89 0.00 0.48 0.39 0.00 0.00 0.50 0.62 1.50 0.00 0.97 0.80 0.00 0.00 0.09 0.13 0.00 0.00 0.06 0.08 0.00 18.89 2.31 0.00 17.70 0.19 0.57 0.69 0.03 0.00 0.00 0.00 0.00 0.00 0.02 0.00 0.68 0.56 0.53 0.66 0.01 0.06 0.08 2.06 94.27 0.38 0.00 0.00 0.05 0.07 0.00 0.06 0.02 0.00 0.00 0.05 0.16 0.20

0.15 unch 0.09 unch 0.32 + 0.38 + 0.05 unch 0.14 + 0.05 0.06 + 0.08 0.10 unch 0.09 0.08 0.04 0.05 unch 23.03 + 28.77 + 0.39 + 0.49 + 0.45 unch 0.42 1.05 unch 0.05 unch 0.04 0.01 0.06 unch 1.05 0.94 + 0.75 + 0.08 + 0.49 + 0.14 + 0.17 + 0.09 0.00 unch 17.38 unch 0.38 + 57.43 + 71.09 + 0.01 unch 0.18 0.20 unch 0.48 0.25 10.00 + 8.08 + 56.00 + 0.47 0.60 unch 0.40 1.75 + 2.15 + 0.09 + 0.07 + 0.01 + 0.00 unch 0.32 + 0.27 + 0.52 unch 11.74 0.41 unch 0.08 unch 0.39 + 0.48 0.22 + 0.27 + 0.91 + 0.73 + 0.05 unch 0.75 + 0.78 + 0.96 + 0.07 + 0.08 unch 0.11 0.42 + 0.34 + 0.21 + 0.25 unch 0.02 unch 0.15 + 0.32 + 0.24 + 16.06 + 13.01 + 0.34 + 0.27 + 0.01 unch 0.03 + 1.10 + 0.87 unch 6.78 + 0.13 + 0.10 + 0.07 0.00 0.13 + 0.09 0.26 + 0.21 + 0.02 + 0.17 + 0.21 + 0.05 unch 0.04 + 0.12 unch 2.44 + 3.03 + 0.67 0.82 1.00 0.05 + 0.82 + 1.04 + 1.51 + 1.22 + 0.73 + 0.90 + 2.70 + 2.16 + 0.04 unch 0.60 + 0.48 + 0.07 unch 0.12 0.53 + 0.65 + 2.20 + 1.95 unch 1.08 + 0.88 + 0.00 unch 0.00 unch 0.12 + 0.14 + 0.01 0.02 unch 0.06 0.09 + 39.80 + 20.08 + 2.47 + 16.50 unch 18.79 + 0.19 0.61 0.76 0.03 0.04 + 0.11 unch 0.16 0.18 unch 20.53 + 0.02 + 0.11 + 0.70 0.56 0.65 + 0.79 + 0.02 + 0.07 + 0.08 unch 2.20 + 94.35 + 0.75 + 0.21 unch 0.17 unch 0.05 unch 0.07 unch 0.06 0.07 unch 0.02 unch 0.04 + 0.07 + 0.06 unch 0.27 + 0.34 +

0.00 0.08 0.07 0.00 0.11 0.05 0.03 0.59 0.22 0.03 0.73 0.28 0.00 0.23 0.04 0.01 0.16 0.08 0.00 0.11 0.04 0.01 0.11 0.05 0.00 0.18 0.07 0.00 0.24 0.09 0.01 0.24 0.09 0.00 0.18 0.07 0.00 0.07 0.04 0.00 0.09 0.05 1.73 23.03 15.48 2.17 28.50 20.05 0.05 0.68 0.21 0.06 0.82 0.28 0.00 0.45 0.45 0.04 3.00 0.42 0.00 1.34 0.31 0.00 0.12 0.05 0.00 0.10 0.04 0.01 0.04 0.01 0.00 0.16 0.05 0.19 2.09 0.15 0.05 1.34 0.80 0.03 1.06 0.62 0.01 0.40 0.07 0.03 1.00 0.44 0.01 0.24 0.01 0.01 0.22 0.11 0.01 0.18 0.06 0.00 0.02 0.00 0.00 18.00 14.75 0.03 1.37 0.29 3.45 85.46 49.20 3.80 112.25 62.28 0.00 0.13 0.00 0.01 0.53 0.14 0.00 0.67 0.19 0.01 0.79 0.39 0.04 0.45 0.15 0.76 13.34 8.83 0.67 10.21 6.94 9.97 52.45 11.41 0.03 0.70 0.24 0.00 0.74 0.33 0.06 1.45 0.13 0.21 3.45 1.41 0.25 4.38 1.81 0.01 0.25 0.07 0.01 0.19 0.05 0.01 0.04 0.01 0.00 0.02 0.00 0.01 0.56 0.23 0.02 0.46 0.18 0.00 1.15 0.13 0.02 12.27 2.63 0.00 0.68 0.15 0.00 0.23 0.05 0.00 1.24 0.36 0.01 1.60 0.47 0.01 0.27 0.14 0.02 0.36 0.20 0.03 1.30 0.58 0.04 1.07 0.40 0.00 0.08 0.04 0.06 1.16 0.45 0.03 0.81 0.14 0.02 1.00 0.18 0.01 0.10 0.06 0.00 0.13 0.02 0.02 0.19 0.01 0.02 0.80 0.15 0.02 0.79 0.12 0.00 0.42 0.11 0.00 0.47 0.13 0.00 0.05 0.01 0.01 0.22 0.10 0.03 0.50 0.19 0.01 0.36 0.14 0.12 19.39 10.45 0.24 16.00 7.91 0.06 0.43 0.09 0.04 0.34 0.08 0.00 0.50 0.00 0.01 0.05 0.01 0.03 1.66 0.88 0.00 1.29 0.69 0.48 6.99 3.90 0.02 0.13 0.05 0.00 0.10 0.03 0.01 0.09 0.03 0.00 0.01 0.00 0.02 0.20 0.05 0.00 0.16 0.03 0.01 0.37 0.20 0.01 0.30 0.16 0.00 0.08 0.01 0.03 0.35 0.13 0.02 0.44 0.16 0.00 0.10 0.03 0.00 0.08 0.02 0.00 0.40 0.10 0.46 3.32 0.77 0.55 4.21 1.04 0.03 2.25 0.14 0.05 2.86 0.19 0.09 1.20 0.13 0.01 0.06 0.01 0.06 3.46 0.68 0.09 4.40 0.85 0.22 1.61 0.50 0.19 1.35 0.37 0.09 1.00 0.53 0.10 1.25 0.13 0.28 4.19 2.07 0.22 3.26 1.65 0.00 0.08 0.04 0.09 2.15 0.38 0.08 1.90 0.33 0.00 0.12 0.04 0.01 0.26 0.11 0.02 0.85 0.38 0.03 1.05 0.50 0.20 2.50 1.50 0.00 3.59 1.62 0.08 2.03 0.92 0.04 1.44 0.77 0.00 0.02 0.00 0.00 0.07 0.00 0.02 0.18 0.03 0.02 0.23 0.05 0.00 0.03 0.01 0.00 0.04 0.02 0.00 0.08 0.03 0.01 0.12 0.05 2.79 49.42 24.37 1.69 24.75 11.52 0.16 2.90 1.75 0.00 26.00 15.45 1.02 28.48 14.57 0.01 0.53 0.19 0.07 1.25 0.43 0.08 1.29 0.54 0.01 0.06 0.03 0.01 0.07 0.04 0.00 0.55 0.08 0.01 0.32 0.09 0.00 1.73 27.80 13.03 0.00 0.13 0.01 0.01 0.14 0.10 0.03 1.15 0.38 0.04 1.00 0.33 0.11 1.00 0.22 0.12 1.22 0.29 0.00 0.14 0.01 0.00 0.13 0.04 0.00 0.16 0.06 0.10 2.63 1.63 0.11 105.58 27.86 0.37 0.75 0.08 0.00 0.40 0.17 0.00 0.38 0.14 0.00 0.52 0.05 0.00 0.25 0.06 0.00 0.24 0.02 0.00 0.29 0.03 0.00 0.10 0.00 0.01 0.04 0.02 0.01 0.15 0.07 0.00 0.11 0.05 0.11 0.33 0.01 0.14 0.40 0.02

(100s) Stock

Exc Volume

Week Low

0.21 0.40 + 0.25 0.50 + 0.16 0.16 unch 0.00 0.18 + 0.09 0.10 0.12 0.14 + 2.72 3.06 + 1.99 2.47 + 0.00 0.00 unch 0.37 0.44 + 0.29 0.35 + 1.46 1.56 + 0.07 0.08 + 0.09 0.10 + 3.90 4.30 3.36 3.50 0.15 0.16 + 0.00 0.21 + 0.00 0.55 unch 3.90 4.41 + 5.20 5.50 + 0.00 0.90 unch 1.15 1.26 + 0.00 0.68 unch 0.18 0.19 + 0.24 0.25 unch 1.09 1.23 + 0.86 1.00 + 0.00 0.02 unch 0.00 0.20 unch 0.03 0.04 0.04 0.05 unch 0.11 0.12 + 0.08 0.10 + 0.50 0.51 unch 0.02 0.02 + 5.25 6.13 + 0.14 0.15 + 0.00 0.16 0.12 0.13 + 0.39 0.49 + 0.54 0.61 + 0.00 0.00 unch 0.85 1.08 + 0.69 0.83 + 0.00 0.19 unch 1.39 1.58 + 1.06 1.28 + 0.13 0.13 11.90 12.45 0.00 10.05 1.16 1.17 1.43 1.44 0.66 0.68 unch 0.52 0.55 + 0.23 0.23 0.14 0.22 + 0.22 0.27 + 0.18 0.22 + 0.65 0.67 0.52 0.54 0.00 0.04 0.13 0.15 unch 0.63 0.80 unch 0.00 0.11 0.02 0.02 0.00 0.08 0.07 0.08 0.00 0.10 + 1.10 1.17 1.35 1.45 0.09 0.10 + 0.11 0.12 + 0.00 0.02 unch 0.09 0.10 0.08 0.08 unch 0.80 0.93 + 1.00 1.16 + 0.00 0.06 unch 0.00 0.08 + 0.00 0.04 unch 0.00 0.08 + 0.05 0.05 unch 6.99 7.75 + 0.04 0.05 + 0.06 0.06 0.56 0.68 + 0.45 0.55 + 1.47 2.08 + 1.19 1.62 + 0.05 0.07 + 0.07 0.09 + 0.00 0.30 + 0.22 0.24 + 0.00 0.00 0.06 0.07 + 0.08 0.09 +

Argentina Lith* Argentina Lith Argentum Silvr* Argentum Silvr Argo Gold* Argo Gold Argonaut Gold Argonaut Gold* Arian Res* Arianne Phosph Arianne Phosph* Aris Gold Arizona Gold* Arizona Gold Arizona Metals Arizona Metals* Arizona Silver* Arizona Silver Armor Min Artemis Gold* Artemis Gold Asante Gold* Asante Gold Asbestos Corp Ascendant Res* Ascendant Res Ascot Res Ascot Res * Ashanti Sanko AsiaBaseMetals Aston Bay* Aston Bay ATAC Res ATAC Res* Atacama Cop Atacama Res* Atalaya Mining Athabasca Min* Athabasca Min Athena Gold* Atico Mining* Atico Mining Atlanta Gold* Atlas Salt Atlas Salt* Aton Resources Augusta Gold Augusta Gold* AUQ Gold* Aura Minerals Aura Minerals* Aurania Res* Aurania Res Aurcana Silver Aurcana Silver* AurCrest Gold AurCrest Gold* Aurelius Min Aurelius Min* Aurion Res Aurion Res * Aurora Royal Aurwest Res AURYN Mining* Aust Goldfield* Aust Mines* Austin Res Austral Gold* Austral Gold Auxico Res* Auxico Res Avalon Advance* Avalon Advance Avarone Metals* Avidian Gold Avidian Gold* Avino Silver* Avino Silver Avrupa Min* Avrupa Min Awale Res Axmin Inc Axmin Inc* Aya Gold* Azarga Metals* Azarga Metals Azarga Uranium Azarga Uranium* Azimut Explor Azimut Explor* Azincourt Ener* Azincourt Ener Aztec Minerals Aztec Minerals* Azteca Gold* Azucar Min* Azucar Min

O V O V O C T O O V O T O T V O O V V O V O C V O T T O V V O V V O V O T O V O O V O V O V T O O T O O V V O V O V O V O V C O O O V O V O C O T O V O X T O V V V O O O V T O V O O V V O O O V

2135 3033 0 13 49 904 2195 265 6 427 757 170 515 749 755 72 196 447 142 120 563 0 1104 0 34 149 1167 709 0 0 131 439 914 256 61 4404 36 8 177 119 57 284 49 1919 86 45 158 38 6 286 20 67 200 2304 889 956 18 102 61 511 176 18 580 9 2 105 57 42 178 61 367 1050 2117 0 338 22 4213 352 0 14 266 61 10 46 7 509 6560 817 428 57 4144 10881 320 134 250 137 854

0.42 0.52 0.16 0.18 0.11 0.20 3.09 2.49 0.00 0.44 0.36 1.66 0.08 0.10 4.54 3.89 0.17 0.21 0.72 4.51 5.60 0.00 1.32 0.00 0.19 0.25 1.25 1.05 0.00 0.00 0.04 0.05 0.13 0.10 0.59 0.02 6.40 0.15 0.18 0.14 0.51 0.64 0.00 1.18 0.83 0.19 1.75 1.39 0.17 13.03 10.62 1.31 1.67 0.72 0.58 0.29 0.22 0.28 0.22 0.70 0.57 0.06 0.16 0.80 0.14 0.02 0.09 0.08 0.10 1.29 1.60 0.11 0.14 0.00 0.11 0.09 0.95 1.17 0.00 0.08 0.04 0.08 0.05 7.75 0.05 0.06 0.74 0.59 2.08 1.76 0.09 0.10 0.32 0.25 0.00 0.08 0.10

B2Gold Corp* B2Gold Corp Baden Res Bald Eagle Balto Res Bam Bam Res Bam Bam Res* Bannerman Egy* Banyan Gold Banyan Gold* Barksdale Res* Barksdale Res Baroyeca Gold Baroyeca Gold* Barrick Gold Barrick Gold* Barsele Min* Barsele Min Baru Gold Baru Gold* Baselode Egy* Baselode Egy Batero Gold Batero Gold* Bathurst Met Battery Min Bayhorse Silvr* Bayhorse Silvr BC Moly * BC Moly BCM Res* BCM Res BE Res Bear Creek Mng Bear Creek Mng* Bearclaw Cap Bearing Lith Bearing Lith* Beauce Gold Bell Copper Bell Copper* Belmont Res* Belmont Res Belo Sun Mng Belo Sun Mng* BeMetals BeMetals * Benchmark Met* Benchmark Met Benjamin Hill Benjamin Hill* Benton Res* Benton Res Benz Mining* Benz Mining Bessor Min* Bessor Min Bird River Res Bitterroot Res* Bitterroot Res Black Hills* Black Iron* Black Iron Black Mammoth* Black Mammoth Black Mountain Black Mountain* Black Shield Black Tusk Res Black Tusk Res* Blackrock Silv* Blackrock Silv Blackwolf Cop Blackwolf Cop* Blind Creek BLOX Inc* Blue Lagoon Blue Lagoon* Blue Moon*

X T C V V C O O V O O V V O T N O V V O O V V O V V O V O V O V V V O V V O V V O O V T O V O O V C O O V O V O V C O V N O T O V V O C C O O V V O V O C O O

36054 28198 100 201 24 1793 1261 8487 1059 50 60 278 2225 78 19814 86021 32 18 1082 204 1576 3590 261 211 102 313 696 1360 1 0 18 115 0 579 347 4 1478 1268 401 360 34 1 104 1342 3361 201 33 94 356 4377 144 255 317 41 133 30 169 380 504 764 1084 229 1362 40 0 83 54 1015 2330 21 970 822 89 7 89 2227 273 312 36

4.02 4.96 0.16 0.05 0.13 0.18 0.15 0.33 0.30 0.24 0.33 0.43 0.24 0.20 24.40 19.74 0.47 0.54 0.10 0.08 1.23 1.54 0.08 0.06 0.11 0.51 0.11 0.14 0.18 0.00 0.14 0.19 0.00 1.46 1.20 0.24 0.32 0.26 0.13 0.14 0.11 0.06 0.07 0.69 0.56 0.27 0.21 0.86 1.07 0.44 0.35 0.17 0.20 0.53 0.68 0.07 0.08 0.14 0.09 0.11 65.28 0.29 0.39 0.08 0.00 0.33 0.27 0.31 0.03 0.02 0.71 0.86 0.75 0.63 0.10 0.01 0.55 0.45 0.04

Last

12-month

High

Change

Stock

0.18 0.23 0.00 0.02 0.01 0.01 0.33 0.27 0.00 0.06 0.04 0.02 0.01 0.01 0.20 0.08 0.01 0.03 0.00 0.21 0.23 0.00 0.09 0.00 0.01 0.00 0.12 0.11 0.00 0.00 0.00 0.00 0.01 0.01 0.00 0.00 0.64 0.01 0.02 0.01 0.06 0.07 0.00 0.22 0.13 0.00 0.09 0.09 0.03 0.52 0.42 0.13 0.17 0.00 0.01 0.05 0.07 0.03 0.01 0.02 0.01 0.02 0.00 0.00 0.03 0.00 0.01 0.04 0.01 0.05 0.14 0.02 0.02 0.00 0.02 0.00 0.11 0.13 0.00 0.01 0.00 0.01 0.00 0.76 0.00 0.01 0.09 0.09 0.60 0.41 0.01 0.02 0.02 0.01 0.00 0.00 0.01

0.36 0.45 0.27 0.35 0.19 0.26 3.45 2.91 0.40 0.60 0.50 3.29 0.12 0.16 5.55 4.53 0.33 0.41 0.89 5.96 7.21 0.90 1.32 0.68 0.55 0.34 1.63 1.33 0.06 0.29 0.05 0.06 0.30 0.23 0.65 0.05 6.51 0.27 0.34 0.23 0.65 0.78 0.05 1.42 1.11 0.38 3.60 2.79 0.44 17.50 14.31 3.50 4.59 1.25 0.99 0.33 0.25 1.00 0.51 1.35 1.06 0.10 0.22 1.00 0.59 0.04 0.12 0.40 0.24 1.50 1.85 0.25 0.36 0.05 0.30 0.40 2.82 3.60 0.16 0.16 0.16 0.10 0.07 9.44 0.12 0.17 0.80 0.63 2.49 1.98 0.14 0.18 0.52 0.41 0.05 0.16 0.20

0.04 0.07 0.13 0.15 0.09 0.12 1.90 1.50 0.00 0.13 0.10 1.25 0.07 0.08 0.55 0.46 0.13 0.17 0.55 3.40 4.86 0.06 0.08 0.46 0.06 0.08 0.84 0.67 0.02 0.13 0.03 0.04 0.11 0.08 0.48 0.01 2.85 0.08 0.11 0.04 0.29 0.39 0.00 0.07 0.48 0.18 1.11 0.92 0.13 11.30 9.06 1.16 1.44 0.62 0.49 0.05 0.04 0.22 0.18 0.66 0.43 0.04 0.04 0.17 0.01 0.01 0.08 0.05 0.09 0.00 0.16 0.08 0.07 0.02 0.09 0.08 0.77 0.98 0.06 0.06 0.04 0.05 0.04 2.05 0.04 0.05 0.16 0.12 0.78 0.60 0.01 0.02 0.25 0.20 0.00 0.06 0.07

Blue Moon Blue River Res Blue River Res* Blue Sky Uran* Blue Sky Uran Blue Star Gold Blue Thunder BlueBird Batt* BlueBird Batt Bluejay Mining* Bluestone Res Bluestone Res* BMEX Gold BMEX Gold* Bold Ventures* Bold Ventures Bolt Metals* Bolt Metals Bonanza Gold* Bond Resources BonTerra Res Boreal Metals* Boreal Metals Borneo Res Inv* Boundary Gold* Boundary Gold Bravada Gold Bravada Gold* Braveheart Res* Braveheart Res Bravo Multinat* Brazil Min* Brigadier Gold* Brigadier Gold BrightRock* Britannia Mng* Brixton Metals* Brixton Metals Brookmount Exp* Brunswick Expl Bryn Res* BTU Metals* BTU Metals Buenaventura* Buffalo Coal * Buffalo Coal Bullet Explor Bullion Gold* Bunker Hill Burrell Res Bushveld Min* BWR Explor

V V O O V V V O V O V O V O O V O C O C V O V O O V V O O V O O O V O O O V O V O O V N O V V O C C O V

0.30 0.34 0.00 0.00 0.02 0.01 0.01 0.09 0.02 0.01 0.04 0.09 0.03 0.05 0.57 0.61 0.02 0.01 0.01 0.00 0.36 0.41 0.01 0.00 0.03 0.02 0.01 0.01 0.00 0.00 0.02 0.01 0.00 0.18 0.16 0.01 0.08 0.06 0.00 0.01 0.01 0.00 0.01 0.15 0.13 0.01 0.00 0.03 0.04 0.08 0.08 0.02 0.02 0.01 0.03 0.01 0.03 0.00 0.01 0.01 0.58 0.06 0.06 0.00 0.00 0.01 0.00 0.07 0.01 0.00 0.06 0.06 0.07 0.07 0.01 0.00 0.02 0.02 0.01

7.14 9.42 0.20 0.16 0.44 0.71 1.12 0.33 0.33 0.35 0.57 0.70 0.42 0.31 38.76 29.60 0.66 0.82 0.22 0.17 1.23 1.54 0.16 0.13 0.26 0.90 0.25 0.26 0.07 0.10 0.22 0.30

3.30 4.21 0.13 0.05 0.06 0.10 0.08 0.02 0.17 0.10 0.26 0.33 0.16 0.12 22.30 17.56 0.30 0.38 0.06 0.05 0.23 0.30 0.06 0.05 0.09 0.39 0.06 0.08 0.04 0.04 0.04 0.06

3.38 2.65 0.60 0.34 0.26 0.44 0.45 0.32 0.15 0.11 1.44 1.10 0.50 0.39 1.36 1.64 0.48 0.52 0.37 0.25 1.10 1.40 0.07 0.09 0.26 0.19 0.25 72.78 0.62 0.76 0.19 0.26 0.75 0.51 0.26 0.09 0.08 1.03 1.22 1.51 1.75 0.17 0.05 0.98 0.80 0.08

0.92 0.74 0.15 0.14 0.10 0.10 0.12 0.09 0.00 0.05 0.39 0.32 0.23 0.20 0.62 0.83 0.31 0.20 0.10 0.14 0.46 0.59 0.03 0.04 0.04 0.04 0.06 56.31 0.08 0.10 0.05 0.07 0.28 0.22 0.11 0.02 0.01 0.49 0.62 0.56 0.00 0.07 0.00 0.45 0.36 0.03

C2C Gold* C3 Metals C3 Metals* Cabral Gold* Cabral Gold Cache Explor* Cadillac Vent Cadillac Vent* Caledonia Mng* Calibre Mng Calibre Mng* Califfi Cap Callinex Mines* Callinex Mines Cameco Corp* Cameco Corp Camino Min Camino Min* Camrova Res* Camrova Res Canada Carbon* Canada Carbon Canada Nickel Canada Nickel* Canada One Canada Rare Canada Rare* Canada Silver* Canada Silver Canadian Metal* Canadian Metal Canadian Prem* Canadian Prem Canadian Silv Canagold Res* Canagold Res CanAlaska Uran* CanAlaska Uran Canamera Energ Canamex Gold* Canasil Res Candelaria Mg* Candelaria Mg Candente Coppr Candente Gold* Candente Gold CANEX Metals * CANEX Metals CaNickel Mng* CaNickel Mng Canoe Mng Vent Canoe Mng Vent* Canstar Res* Canstar Res Canterra Min* Canterra Min Cantex Mn Dev* Cantex Mn Dev Canuc Res* Canuc Res Capella Min* Capella Min Capitan Mining Capitan Mining* Capstone Mng Cardero Res* Cardero Res Cariboo Rose Carlin Gold Carlyle Comm* Carrara Explor Cartier Iron Cartier Res* Cartier Res Casa Minerals * Casa Minerals Cascada Silver Cascadero Copp Cassiar Gold Cassius Vents Castle Peak Mg CAT Strategic CAT Strategic* CAVU Mining* CAVU Mining Cdn Goldcamps* Cdn Goldcamps CDN Maverick* Cdn Palladium Cdn Palladium* CellCube Enrgy* Centamin Centaurus Diam* Centerra Gold Central Afric Central Afric* Central Iron Centurion Mnls Century Cobalt* Century Global Cerrado Gold Cerro de Pasc * Cerro de Pasc Cerro Grande Cerro Mng Ceylon Graph Ceylon Graph* Chakana Copper* Chakana Copper Chalice Gold M* Champion Bear* Champion Bear Champion Iron* Champion Iron Chatham Rock Chesapeake Gld* Chesapeake Gld Chevron Corp* Chiboug Ind Mn Chilean Metals* Chilean Metals China Gold Int Churchill Res Cipher Mining*

O V O O V O V O X T O V O V N T V O O V O V V O V V O O V O C O V V O T O V C O V O V T O V O V O V V O O V O V O V O V O V V O T O V V V O C C O V O V C V V V V C O O C O C O C O O T O T V O V V O T V O C C V V O O V O O V O T V O V N V O V T V D

B 3.60 3.95 + 4.49 4.88 + 0.15 0.15 unch 0.00 0.05 unch 0.00 0.13 0.15 0.17 + 0.12 0.14 + 0.20 0.29 + 0.26 0.29 + 0.00 0.22 + 0.27 0.32 + 0.33 0.43 + 0.17 0.21 + 0.12 0.20 + 22.82 23.66 + 18.31 19.13 + 0.37 0.41 + 0.00 0.51 + 0.09 0.10 0.08 0.08 0.67 1.01 + 0.80 1.23 + 0.00 0.08 + 0.05 0.06 unch 0.00 0.11 + 0.39 0.45 0.10 0.11 + 0.12 0.14 + 0.18 0.18 unch 0.00 0.10 unch 0.13 0.14 + 0.00 0.19 + 0.00 0.20 unch 1.11 1.36 + 0.94 1.11 + 0.00 0.24 0.23 0.30 + 0.16 0.24 + 0.11 0.12 unch 0.12 0.14 + 0.00 0.10 0.06 0.06 unch 0.00 0.07 + 0.48 0.67 + 0.38 0.54 + 0.24 0.25 0.20 0.20 + 0.78 0.84 + 0.97 1.04 + 0.35 0.43 + 0.00 0.35 + 0.15 0.16 + 0.18 0.20 + 0.47 0.48 + 0.60 0.63 + 0.05 0.06 + 0.00 0.08 + 0.12 0.14 unch 0.06 0.07 0.08 0.08 62.78 64.57 + 0.20 0.28 + 0.25 0.34 + 0.08 0.08 unch 0.00 0.11 unch 0.28 0.30 0.22 0.26 0.00 0.30 + 0.02 0.03 + 0.00 0.02 + 0.63 0.69 + 0.79 0.85 + 0.63 0.75 + 0.49 0.63 + 0.00 0.10 + 0.01 0.01 0.46 0.53 + 0.37 0.43 + 0.00 0.04 +

(100s)

High Low

Exc Volume

Week High

Low

Last

633 1425 117 960 3029 158 34 2 98 1285 667 77 55 7 17 5 9 33 27001 1859 131 115 216 20029 44 124 69 317 270 1836 46 87876 228 934 289 1115 1359 1060 25 72 209 85 470 3562 0 283 8 30 489 0 62 88

0.05 0.03 0.02 0.28 0.35 0.70 0.05 0.07 0.08 0.17 2.00 1.57 0.17 0.12 0.06 0.10 0.26 0.34 0.03 0.06 1.05 0.15 0.18 0.01 0.03 0.04 0.06 0.05 0.07 0.08 0.13 0.01 0.05 0.06 0.05 0.05 0.14 0.18 0.70 0.15 0.02 0.06 0.08 8.44 0.00 0.04 0.07 0.06 0.21 0.00 0.21 0.03

0.00 0.00 0.02 0.24 0.29 0.58 0.00 0.07 0.00 0.15 1.42 1.07 0.00 0.12 0.06 0.00 0.23 0.29 0.01 0.05 0.97 0.13 0.17 0.00 0.02 0.00 0.00 0.04 0.05 0.07 0.07 0.01 0.04 0.05 0.04 0.03 0.11 0.13 0.31 0.00 0.02 0.05 0.07 7.56 0.00 0.00 0.00 0.06 0.17 0.00 0.05 0.00

0.05 0.02 0.02 0.24 0.31 0.68 0.05 0.07 0.08 0.16 1.71 1.38 0.15 0.12 0.06 0.10 0.23 0.31 0.03 0.05 1.04 0.14 0.17 0.00 0.03 0.04 0.06 0.04 0.06 0.07 0.09 0.01 0.04 0.06 0.04 0.04 0.14 0.17 0.51 0.14 0.02 0.05 0.07 8.44 0.04 0.04 0.07 0.06 0.20 0.50 0.19 0.03

141 3928 14 142 824 232 0 660 139 2578 434 134 32 35 51184 9267 477 77 8 0 116 1066 962 143 0 300 90 1613 4418 0 43 1 137 94 164 426 403 2028 0 3 387 0 62 493 21 143 71 476 1 1 2 0 422 571 25 131 20 111 61 540 66 457 48 45 6763 22 126 155 26 45 722 242 227 517 0 30 742 54 1309 0 100 16702 466 126 209 1 10 2 470 333 5117 241 7 1981 49 3 148 0 140 36 267 8 115 165 0 520 198 238 220 7 180 100 179 2539 331 22 32 45689 48 17 290 106 442 25439

0.26 0.22 0.17 0.32 0.40 0.04 0.00 0.05 13.30 1.76 1.41 0.15 2.40 3.02 25.88 32.17 0.12 0.09 0.04 0.00 0.07 0.09 2.98 2.48 0.00 0.08 0.06 0.20 0.24 0.00 0.22 0.37 0.52 0.06 0.37 0.46 0.62 0.76 0.00 0.02 0.13 0.00 0.51 0.15 0.05 0.07 0.12 0.15 0.11 0.14 0.14 0.00 0.30 0.34 0.24 0.32 0.36 0.48 0.18 0.25 0.08 0.11 0.25 0.22 5.77 0.06 0.08 0.06 0.05 0.06 0.03 0.14 0.20 0.25 0.00 0.16 0.04 0.03 0.52 0.00 0.02 0.06 0.05 0.52 0.61 0.46 0.60 0.18 0.09 0.07 0.03 1.75 0.00 9.93 0.22 0.17 0.06 0.00 0.03 0.26 1.62 0.25 0.31 0.02 0.00 0.18 0.14 0.30 0.38 4.83 0.08 0.10 3.64 4.57 0.13 3.05 3.78 110.03 0.23 0.15 0.19 3.79 0.33 7.36

12-month Change

Stock

Cirrus Gold Clarity Gold* Clarity Gold Class 1 Nickel Clean Air Met Clean Comm* Cleghorn Min Cleghorn Min* Cleveland-Clif* Cliffmont Res Clifton Mng* Clydesdale Res CMC Metals* CMC Metals CNRP Mng Coast Copper Cobalt Block* Cobalt Block Coeur Mng* Colibri Res* Colibri Res Collective Mg* Colombia Crest* Colombia Crest Colonial Coal Comet Inds Commander Res Commander Res* Commerce Res Commerce Res* Compass Gold* Compass Gold Compliance Egy* Comstock Mng* Comstock Mtls Comstock Mtls * Condor Gold Condor Gold* Condor Res* Condor Res Conquest Res * Conquest Res Cons Uranium* Cons Uranium Cons Woodjam CONSOL Energy* CONSOL Energy* Constantine Mt* Constantine Mt Contact Gold* Contact Gold Contact Mnrls* CopAur Min CopAur Min* Copper Fox Mtl* Copper Fox Mtl Copper Lake Rs Copper Mtn Mng* Copper Mtn Mng Copper One * Copperbank Res Copperbank Res* Cordoba Mnls* Cordoba Mnls Core Assets Cornerstone Ca Cornerstone Ca* Corsa Coal Corsa Coal * Cortus Metals Corvus Gold* Corvus Gold Crest Resource Crest Resource* Crestview Expl Cresval Cap Critical Elem* Critical Elem Cross River* Cross River Crown Mining Crown Mining* Cruz Battery* Cruz Battery Currie Rose Rs* Currie Rose Rs CWN M’g Acq Cyntar Venture Cypress Dev* Cypress Dev

C O C C V O V O N V O V O V C V O V N O V O O V V V V O V O O V O X V O T O O V O V O V V N N O V O V O V O O V V O T O C O O V C V O V O V D T C O C V O V O C V O O C O V V C O V

Dajin Lithium* Dajin Res Damara Gold* Damara Gold Danakali* Decade Res Decade Res* Deep-South Res* Deep-South Res DeepRock Min Defense Metals* Defense Metals Defiance Silvr Defiance Silvr* Delrand Res Denarius Silv Denison Mines Denison Mines* Desert Gold Desert Gold* Desert Mtn Egy Diamante Min* Diamcor Mng Diamcor Mng* Diamond Disc* Diamond Fields Dios Expl Discovery Harb* Discovery Harb Discovery Min* Discovery Silv Discovery Silv* Discovery-Corp District Cop District Cop* District Metal* District Metal District Mines Ditem Explor* Diversified Rs* Dixie Gold DNI Metals* Dolat Ventures* Dolly Vard Sil* Dolly Vard Sil Dore Copper Doubleview Gld Doubleview Gld* DRDGOLD* Dundee Prec Mt Durango Res* Durango Res Duro Metals DV Resources* DV Resources Dynacor Gld Mn Dynacor Gld Mn* DynaResource* Dynasty Gold Dynasty Gold* E2Gold Inc E2Gold Inc* E3 Metals* E3 Metals E79 Resources E79 Resources* Eagle Graphite* Eagle Graphite Eagle Plains Earl Res East Africa * East Africa EastCoal Inc Eastern Platin* Eastern Platin Eastfield Res Eastfield Res* Eco Oro Min Eco Oro Min* Edgemont Gold Edgewater Expl Edgewater Expl* Edison Battery* Edison Battery EEE Explor El Capitan Prc*

+ unch + + + + + + unch + + + unch unch unch + + + + + unch + + + + + + + + unch unch + unch + +

0.01 0.00 0.01 0.01 0.03 0.10 0.01 0.00 0.00 0.01 0.27 0.21 0.01 0.00 0.00 0.00 0.04 0.03 0.01 0.01 0.04 0.00 0.01 0.00 0.00 0.01 0.00 0.01 0.00 0.01 0.04 0.00 0.00 0.01 0.01 0.00 0.03 0.03 0.21 0.01 0.00 0.01 0.01 0.74 0.00 0.00 0.01 0.00 0.01 0.00 0.06 0.01

0.09 0.03 0.02 0.29 0.37 1.05 0.15 0.26 0.33 0.24 2.16 1.71 1.05 0.65 0.11 0.16 0.48 0.70 0.04 0.22 1.54 0.23 0.36 0.02 0.07 0.09 0.19 0.15 0.12 0.16 0.55 0.10 0.27 0.35 0.13 0.07 0.31 0.40 1.06 0.29 0.06 0.19 0.23 13.44 0.04 0.06 0.45 0.20 0.61 0.53 0.60 0.08

0.04 0.01 0.00 0.06 0.09 0.55 0.04 0.05 0.07 0.11 1.28 1.01 0.13 0.11 0.04 0.04 0.18 0.23 0.00 0.05 0.79 0.13 0.17 0.00 0.02 0.03 0.06 0.04 0.05 0.07 0.07 0.00 0.03 0.05 0.01 0.00 0.10 0.13 0.26 0.14 0.01 0.05 0.07 6.11 0.00 0.01 0.07 0.06 0.17 0.20 0.02 0.02

0.22 0.21 unch 0.17 + 0.31 + 0.38 + 0.01 0.05 unch 0.05 unch 12.81 + 1.70 + 1.39 + 0.15 unch 2.39 + 2.90 + 24.99 + 30.94 + 0.11 + 0.08 0.04 unch 0.07 unch 0.07 0.08 unch 2.90 + 2.34 + 0.12 unch 0.07 0.06 + 0.15 0.19 0.16 unch 0.21 0.37 unch 0.41 0.06 unch 0.35 + 0.44 + 0.60 + 0.73 + 0.32 unch 0.02 unch 0.13 unch 0.45 unch 0.48 0.15 + 0.05 + 0.06 unch 0.10 + 0.13 + 0.11 0.14 0.14 0.12 unch 0.25 0.30 0.24 0.31 unch 0.36 unch 0.45 0.16 + 0.19 0.08 0.10 0.23 + 0.19 + 5.60 + 0.06 + 0.08 unch 0.06 unch 0.04 0.06 + 0.03 unch 0.12 0.19 0.24 + 0.14 unch 0.16 0.04 0.02 0.50 + 0.09 unch 0.02 + 0.05 + 0.04 + 0.44 0.54 0.46 unch 0.60 unch 0.18 0.08 unch 0.07 + 0.03 + 1.70 + 0.00 unch 9.53 + 0.21 unch 0.17 unch 0.06 unch 0.07 unch 0.03 0.23 + 1.60 + 0.25 + 0.30 0.02 unch 0.60 unch 0.17 + 0.13 + 0.29 + 0.34 + 4.83 + 0.08 + 0.10 + 3.51 + 4.34 + 0.11 3.03 + 3.71 + 109.61 + 0.23 + 0.15 + 0.19 unch 3.74 + 0.33 + 6.99 -

0.01 0.00 0.01 0.00 0.01 0.03 0.00 0.00 0.34 0.32 0.26 0.00 0.09 0.05 3.68 4.35 0.01 0.01 0.00 0.00 0.00 0.00 0.28 0.25 0.00 0.01 0.00 0.03 0.05 0.00 0.01 0.00 0.05 0.00 0.03 0.04 0.11 0.12 0.00 0.00 0.00 0.00 0.03 0.02 0.00 0.00 0.03 0.03 0.00 0.01 0.01 0.00 0.02 0.01 0.01 0.00 0.00 0.03 0.01 0.01 0.00 0.01 0.01 0.02 0.44 0.01 0.00 0.00 0.01 0.01 0.00 0.01 0.00 0.01 0.00 0.02 0.01 0.01 0.07 0.00 0.01 0.00 0.00 0.04 0.06 0.00 0.00 0.00 0.00 0.00 0.01 0.08 0.00 0.23 0.00 0.00 0.00 0.00 0.01 0.01 0.10 0.01 0.01 0.00 0.00 0.01 0.01 0.03 0.01 0.19 0.02 0.02 0.06 0.06 0.02 0.33 0.36 1.56 0.01 0.01 0.00 0.38 0.08 0.90

0.48 0.25 0.19 0.69 0.88 0.39 0.17 0.05 20.00 2.80 2.40 0.21 5.26 6.50 26.57 33.61 0.30 0.22 0.12

0.06 0.06 0.05 0.29 0.36 0.01 0.05 0.01 11.28 1.26 0.92 0.12 1.65 2.09 9.01 11.84 0.09 0.07 0.01

0.23 0.29 4.54 3.68 0.12 0.22 0.18 0.60 0.77 0.30 0.45 0.53 0.60 0.13 0.78 0.95 0.68 0.84 0.39 0.05 0.18 0.52 0.68 0.27 0.07 0.09 0.21 0.26 0.22 0.31 0.24 0.15 0.51 0.61 0.37 0.50 0.97 1.26 0.32 0.40 0.10 0.12 0.42 2.00 6.64 0.09 0.11 0.09 0.07 0.18 0.05 0.19 0.31 0.37 0.27 0.35 0.20 0.05 0.80 0.17 0.04 0.10 0.15 1.18 0.63 4.26 6.80 1.00 0.19 0.16 0.15 2.86 0.08 16.00 0.43 0.33 0.10

0.00 0.07 1.72 1.20 0.04 0.05 0.03 0.15 0.19 0.00 0.07 0.12 0.14 0.05 0.31 0.11 0.14 0.19 0.25 0.01 0.09 0.34 0.43 0.08 0.02 0.04 0.07 0.09 0.09 0.09 0.13 0.00 0.15 0.19 0.12 0.15 0.35 0.44 0.13 0.15 0.04 0.07 0.20 0.11 1.50 0.02 0.04 0.05 0.03 0.04 0.02 0.08 0.16 0.21 0.07 0.10 0.03 0.02 0.35 0.07 0.01 0.03 0.00 0.25 0.10 0.46 0.55 0.09 0.07 0.06 0.00 1.56 0.00 8.21 0.14 0.11 0.04

0.15 0.40 1.78 0.35 0.49 0.04 0.60 0.62 0.49 0.53 0.70 7.21 0.11 0.15 5.82 7.24 0.20 4.75 6.05 113.11 0.46 0.40 0.55 4.47 0.35 15.39

0.01 0.12 0.93 0.19 0.23 0.02 0.38 0.11 0.08 0.22 0.28 1.65 0.05 0.08 2.20 2.81 0.06 2.50 3.15 65.16 0.13 0.09 0.12 1.51 0.17 5.13

C 0.19 0.20 0.16 0.29 0.36 0.01 0.00 0.05 12.51 1.37 1.09 0.00 0.00 2.82 21.16 26.54 0.00 0.08 0.04 0.00 0.00 0.07 2.53 1.92 0.00 0.07 0.06 0.15 0.19 0.00 0.00 0.37 0.41 0.00 0.32 0.40 0.48 0.59 0.00 0.01 0.12 0.00 0.00 0.13 0.05 0.06 0.00 0.10 0.11 0.00 0.00 0.00 0.23 0.29 0.23 0.00 0.36 0.45 0.15 0.00 0.08 0.10 0.00 0.17 5.04 0.06 0.00 0.00 0.00 0.05 0.02 0.12 0.17 0.22 0.00 0.00 0.04 0.00 0.40 0.00 0.00 0.04 0.03 0.37 0.47 0.46 0.00 0.00 0.08 0.06 0.00 1.61 0.00 9.11 0.19 0.00 0.00 0.00 0.02 0.00 1.46 0.23 0.28 0.02 0.00 0.15 0.12 0.25 0.33 0.00 0.07 0.00 3.38 4.26 0.00 2.50 3.32 106.17 0.00 0.00 0.18 3.35 0.22 5.13

(100s)

High Low

Exc Volume

Week Last

12-month

High

Low

Change

5 459 718 502 1235 31 0 28 84006 1 49 1 320 1145 1052 36 107 180 22236 256 358 3 3 54 1629 0 187 29 260 50 1 18 5 2850 69 45 63 19 269 425 1768 699 166 755 326 2531 11580 1268 726 112 714 48 210 82 214 953 6302 1147 8145 370 418 426 48 52 1737 779 13 819 234 446 373 863 569 68 33 106 232 803 71 540 1064 84 754 9313 0 236 2 55 2296 2301

0.22 0.36 0.45 0.30 0.25 0.20 0.00 0.14 22.23 0.14 0.23 0.05 0.09 0.12 0.42 0.11 0.05 0.06 6.61 0.09 0.10 2.26 0.08 0.12 2.14 0.00 0.15 0.13 0.23 0.18 0.15 0.18 0.00 2.58 0.08 0.06 0.75 0.55 0.19 0.23 0.12 0.15 2.21 2.75 0.12 35.86 13.80 0.29 0.37 0.05 0.06 0.07 1.07 0.86 0.31 0.38 0.09 3.19 3.93 0.04 0.80 0.64 0.46 0.57 0.26 4.30 3.44 0.98 0.83 0.14 3.28 4.05 0.12 0.10 0.35 0.03 1.25 1.50 0.10 0.15 0.15 0.12 0.12 0.15 0.00 0.04 0.09 0.80 1.60 1.93

0.22 0.22 unch + 0.20 0.35 + 0.27 0.44 + 0.17 0.30 + 0.18 0.24 0.00 0.18 0.00 0.17 unch 0.14 0.14 unch + 21.10 21.46 0.00 0.14 0.18 0.20 0.00 0.05 0.06 0.07 0.09 0.09 0.38 0.38 0.00 0.11 0.04 0.04 0.00 0.05 unch + 6.06 6.36 0.07 0.07 + 0.00 0.10 + 1.89 2.26 0.08 0.08 unch + 0.00 0.12 + 1.40 2.06 0.00 3.75 unch 0.00 0.15 + 0.12 0.12 + 0.20 0.22 + 0.16 0.18 0.15 0.15 unch 0.00 0.17 0.00 0.00 unch + 2.41 2.47 0.00 0.08 unch 0.06 0.06 + 0.63 0.71 + 0.53 0.55 0.15 0.17 0.19 0.20 0.08 0.08 0.11 0.11 + 2.00 2.19 + 2.36 2.67 0.00 0.11 unch 31.67 32.66 12.97 13.25 0.25 0.27 0.31 0.34 + 0.04 0.04 + 0.05 0.06 0.05 0.05 + 0.90 1.07 + 0.74 0.86 + 0.00 0.28 + 0.25 0.34 + 0.07 0.08 + 2.36 3.05 + 2.99 3.76 0.03 0.03 + 0.70 0.78 + 0.54 0.63 0.00 0.45 0.00 0.56 0.18 0.19 + 3.75 3.92 + 0.00 3.23 0.80 0.85 0.64 0.68 + 0.00 0.13 + 3.22 3.27 4.03 4.04 0.12 0.12 0.00 0.09 0.33 0.34 0.00 0.03 + 1.04 1.20 + 1.36 1.47 0.10 0.10 unch + 0.13 0.15 + 0.11 0.13 + 0.09 0.12 + 0.10 0.11 + 0.12 0.14 0.00 0.03 unch 0.00 0.04 unch + 0.00 0.09 0.00 0.78 unch + 1.12 1.50 + 1.39 1.85

59 O 75 V 139 O 909 V 273 O 295 V 458 O 65 O 983 V 82 C 301 O 859 V 1274 V 702 O 110 V 2263 V T 26046 X 101365 362 V 122 O 483 V 10 O 814 V 612 O 250 O 0 V 139 V 289 O 865 V O 229132 1405 V 756 O 0 V 282 V 0 O 108 O 390 V 28 V 40 O 70 O 77 V 99 O 9 O 432 O 497 V 190 V 1609 V 1300 O 1204 N 3418 T 193 O 536 V 0 V 10 O 0 V 36 T 12 O 13 O 26 V 15 O 1325 V 101 O 322 O 1191 V 487 C 156 O 212 O 104 V 560 V 0 V 15 O 391 V 397 V 36 O 221 T 239 V 5 O 272 C 153 O 315 C 1 V 10 O 23 O 1298 V 93 C 342 O

0.55 0.70 0.05 0.07 0.35 0.05 0.04 0.05 0.06 0.05 0.24 0.29 0.64 0.52 0.05 0.58 2.21 1.78 0.14 0.11 2.79 0.05 0.52 0.43 0.00 0.00 0.08 0.07 0.09 0.01 1.60 1.30 0.00 0.14 0.11 0.29 0.28 0.23 0.00 0.00 0.24 0.01 0.03 0.44 0.54 0.93 0.32 0.28 9.42 8.48 0.05 0.06 0.00 0.07 0.00 2.83 2.27 2.00 0.18 0.14 0.22 0.18 2.00 2.47 1.00 0.87 0.11 0.14 0.16 0.00 0.26 0.30 0.43 0.24 0.30 0.07 0.06 0.15 0.14 0.16 0.15 0.13 0.09 0.10 0.19 0.00

High Low

0.00 0.13 0.17 0.11 0.06 0.01 0.00 0.00 0.83 0.06 0.01 0.03 0.00 0.01 0.02 0.01 0.00 0.00 0.16 0.01 0.01 0.37 0.00 0.01 0.51 0.00 0.01 0.00 0.01 0.01 0.00 0.01 0.00 0.03 0.00 0.01 0.02 0.02 0.01 0.03 0.02 0.03 0.25 0.28 0.00 1.29 0.29 0.02 0.03 0.00 0.01 0.00 0.12 0.10 0.08 0.09 0.01 0.59 0.72 0.01 0.07 0.05 0.01 0.01 0.04 0.02 0.05 0.08 0.08 0.01 0.02 0.01 0.01 0.00 0.02 0.01 0.11 0.10 0.00 0.02 0.02 0.02 0.01 0.02 0.00 0.00 0.02 0.00 0.37 0.45

0.25 1.48 1.82 1.11 0.49 0.39 0.17 0.14 26.51 0.23 0.35 0.08 0.21 0.27 0.82 0.22 0.14 0.17 12.60 0.16 0.17 3.50 0.35 0.44 1.88 4.00 0.32 0.21 0.50 0.39 0.21 0.30 0.00 9.85 0.14 0.15 1.20 0.79 0.26 0.33 0.26 0.36 2.52 3.10 0.30 35.86 15.89 0.53 0.67 0.14 0.19 0.25 1.20 0.95 0.53 0.66 0.09 4.20 5.07 0.60 0.82 0.65 1.62 2.04 0.39 6.50 4.95 1.10 0.87 0.25 3.30 4.15 0.29 0.25 2.53 0.16 1.52 1.79 1.22 0.50 0.36 0.29 0.14 0.18 0.04 0.06 0.09 0.99 2.00 2.45

0.12 0.17 0.23 0.17 0.17 0.00 0.08 0.07 7.21 0.08 0.13 0.05 0.03 0.08 0.25 0.09 0.03 0.04 5.86 0.04 0.05 1.89 0.08 0.10 0.50 2.00 0.12 0.09 0.20 0.15 0.14 0.11 0.00 0.93 0.07 0.03 0.63 0.45 0.00 0.11 0.05 0.07 0.37 0.47 0.09 3.66 8.31 0.13 0.16 0.04 0.05 0.01 0.11 0.11 0.08 0.11 0.02 0.73 0.97 0.03 0.17 0.12 0.01 0.54 0.07 3.40 2.55 0.18 0.13 0.12 1.71 2.17 0.09 0.07 0.29 0.02 0.40 0.51 0.01 0.13 0.07 0.06 0.03 0.04 0.02 0.04 0.03 0.50 0.33 0.44

0.00 0.04 0.00 0.01 0.04 0.00 0.00 0.01 0.01 0.01 0.00 0.01 0.05 0.04 0.01 0.05 0.33 0.28 0.02 0.02 0.15 0.00 0.04 0.03 0.00 0.00 0.00 0.01 0.01 0.00 0.10 0.11 0.00 0.01 0.00 0.02 0.03 0.00 0.00 0.00 0.01 0.00 0.02 0.01 0.01 0.01 0.02 0.03 0.75 0.01 0.00 0.00 0.00 0.00 0.00 0.02 0.05 0.10 0.01 0.00 0.01 0.03 0.32 0.42 0.08 0.07 0.00 0.02 0.00 0.00 0.00 0.02 0.13 0.00 0.01 0.01 0.00 0.02 0.06 0.01 0.01 0.00 0.01 0.01 0.02 0.00

0.71 2.00 0.16 0.20 0.47 0.12 0.09 0.23 0.30 0.11 0.59 0.75 1.07 0.91 0.18 0.69 2.29 1.81 0.23 0.17 4.95 0.06 0.52 0.43 0.01 1.25 0.13 0.10 0.11 0.04 2.74 2.23 0.12 0.50 0.20 0.55 0.59 0.40 0.02 0.01 0.41 0.09 0.51 0.77 0.98 1.28 1.18 1.22 13.69 10.42 0.12 0.16 0.24 0.11 0.16 2.98 2.49 2.45 0.35 0.20 0.24 0.18 4.22 5.37 1.65 1.34 0.28 0.38 0.19 0.55 0.39 0.58 0.38 0.43 0.57 0.10 0.09 0.20 0.16 0.31 0.27 0.20 1.00 0.25 0.25 0.02

0.43 0.45 0.00 0.05 0.22 0.04 0.01 0.03 0.04 0.03 0.12 0.16 0.42 0.33 0.04 0.38 0.41 0.30 0.12 0.09 1.31 0.01 0.07 0.05 0.00 0.09 0.06 0.03 0.05 0.00 1.19 0.90 0.06 0.10 0.10 0.14 0.19 0.12 0.00 0.00 0.17 0.00 0.01 0.33 0.42 0.57 0.20 0.06 7.88 7.18 0.03 0.05 0.15 0.06 0.07 1.64 1.26 0.52 0.07 0.05 0.10 0.10 0.34 0.44 0.24 0.07 0.00 0.04 0.14 0.20 0.10 0.14 0.09 0.23 0.28 0.05 0.03 0.05 0.04 0.10 0.15 0.12 0.01 0.03 0.15 0.00

D-F 0.48 0.61 0.04 0.00 0.31 0.05 0.04 0.04 0.05 0.04 0.20 0.26 0.56 0.41 0.00 0.43 1.69 1.36 0.12 0.09 2.48 0.00 0.42 0.35 0.00 0.00 0.00 0.06 0.00 0.00 1.40 1.13 0.00 0.00 0.11 0.16 0.23 0.00 0.00 0.00 0.21 0.00 0.00 0.37 0.49 0.85 0.27 0.22 8.35 7.97 0.04 0.00 0.00 0.07 0.00 2.71 0.00 1.80 0.00 0.00 0.19 0.15 1.53 2.03 0.80 0.66 0.00 0.12 0.14 0.00 0.26 0.00 0.00 0.23 0.28 0.00 0.04 0.12 0.10 0.14 0.00 0.13 0.06 0.05 0.17 0.00

+ 0.52 0.64 0.05 + 0.07 + 0.35 0.05 unch + 0.04 + 0.04 0.06 + 0.05 + 0.22 0.27 + 0.62 + 0.50 + 0.05 + 0.54 + 2.03 + 1.65 + 0.14 + 0.11 2.50 + 0.05 0.46 0.37 + 0.00 0.19 unch 0.08 unch 0.06 0.08 + 0.00 + 1.56 + 1.27 0.11 unch + 0.13 0.11 unch + 0.20 + 0.27 0.23 unch 0.00 unch 0.00 unch + 0.22 0.00 unch 0.00 + 0.42 0.51 + 0.89 0.29 0.23 + 9.21 8.14 + 0.05 0.06 unch 0.24 unch 0.07 unch 0.12 unch 2.77 + 2.27 + 2.00 + 0.18 0.13 unch + 0.21 + 0.18 + 1.98 + 2.47 + 0.97 + 0.79 + 0.10 0.13 0.15 unch 0.45 unch 0.26 unch 0.29 + 0.43 + 0.24 + 0.29 + 0.07 + 0.06 + 0.15 0.10 + 0.16 0.15 0.13 unch 0.07 0.09 + 0.19 0.00

GLOBAL MINING NEWS

(100s) Stock

Exc Volume

El Nino Vent Elcora Adv Mat Elcora Res* Eldorado Gold* Eldorado Gold Element 29* Element79 Elevation Gold Eloro Res Eloro Res* Elysee Dev Elysee Dev * Emerita Res Emerita Res* Emgold Mining Emgold Mining* Eminent Gold Eminent Gold* Emperor Metals EMX Royalty* EMX Royalty Encanto Potash* EnCore Energy Endeavour Mng Endeavr Silver Endeavr Silver* Endurance Gold* Endurance Gold Enduro Metals Enduro Metals* Energy Fuels Energy Fuels* Engineer Gold Engineer Gold* Engold Mines Engold Mines* Entree Res* Entree Res Equinox Gold* Equinox Gold Equity Metals* Equity Metals Erdene Res Dev* Erdene Res Dev Erin Ventures* Erin Ventures Ero Copper Ero Copper* Eros Res Corp* Eros Res Corp Eros Res Corp Eskay Mng* Eskay Mng Essex Minerals Essex Minerals* Ethos Gold* Ethos Gold Etruscus Res* Etruscus Res Euro Manganese Euro Manganese* Euro Sun Mg Euro Sun Mg* EurOmax Res EurOmax Res* European Elect* European Elect European Metal* Eurotin Evergold Evergold* Everton Res* EVI Global Grp Evolving Gold Evolving Gold* Evrim Res Excellon Res Excellon Res* Excelsior Mng* Excelsior Mng ExGen Res Inc ExGen Res Inc* Exploits Disc* Explorex Res* Explorex Res Fabled Silver Fabled Silver* Fairchild Gold Falco Res Falco Res * Falcon Gold Falcon Gold* Fancamp Expl Far Res Far Res* Fathom Nickel* Fathom Nickel FenixOro Gold* FenixOro Gold Fidelity Min* Fidelity Min Filo Mg Corp Filo Mg Corp * Finlay Minrls Fiore Gold* Fiore Gold* Fiore Gold FireFox Gold FireFox Gold* Firestone Vent* Firestone Vent Fireweed Zinc* Fireweed Zinc First Cobalt * First Cobalt First Energy* First Energy First Idaho First Majestic* First Majestic First Mg Fin First Mg Fin * First Point* First Quantum First Tellur First Tellur* Fission 3.0 Fission 3.0* Fission Uran* Fission Uran Five Star Diam Five Star Diam* Fjordland Exp* Fjordland Exp Flow Metals Flowery Gold* Focus Graphite Focus Graphite* Fokus Mining Foran Mining* Foran Mining Forsys Metals Fort St James Fortescue Met* Fortuna Silvr Fortuna Silvr* Fortune Bay Fortune Bay* Fortune Min Fortune Min* Forty Pillars Forum Energy* Forum Energy Fosterville Founders Metal Four Nines* Four Nines Fox River Res Fox River Res* FPX Nickel Franco-Nevada* Franco-Nevada Franklin Mng* Fredonia Mg Fredonia Mg* Freegold Vent Freeman Gold Freeman Gold* Freeport McMoR* Freeport Res Fremont Gold Fresnillo plc* Frontier Lith Frontline Gold Full Metal Mnl Full Metal Mnl* Fury Gold Fury Gold* Fuse Cobalt* Fuse Cobalt

V 63 V 1345 O 534 N 11313 T 2391 O 232 C 690 V 420 V 346 O 158 V 283 O 91 V 7274 O 1052 V 65 O 91 V 17 O 1 C 3 X 867 V 94 O 8 V 3191 T 4811 T 2111 N 13658 O 120 V 170 V 1629 O 504 T 4661 X 33044 V 1465 O 103 V 20 O 4 O 78 T 1013 X 9131 T 2970 O 452 V 1052 O 150 T 430 O 2 V 231 T 1078 N 100 O 1 V 21 V 21 O 558 V 1105 V 346 O 103 O 275 V 1077 O 10 C 110 V 672 O 45 T 675 O 157 T 90 O 120 O 6 V 128 O 11 V 0 V 511 O 7 O 5 C 1157 C 10 O 0 V 927 T 85 X 233 O 316 T 927 V 7 O 3 O 816 O 1 C 2 V 2776 O 1544 V 6 V 441 O 67 V 599 O 175 V 229 C 1151 O 35 O 125 C 526 O 317 C 339 O 0 V 3 T 952 O 67 V 120 O 49 O 351 V 1149 V 254 O 239 O 1 V 1 O 19 V 240 O 2832 V 4453 O 43 C 927 V 0 N 20581 T 2917 T 2589 O 1563 O 682 T 12167 C 182 O 9 V 3739 O 764 O 4289 T 18628 V 119 O 0 O 8 V 374 C 289 O 78 V 3990 O 1113 V 1198 O 98 V 3966 T 2440 V 34 O 23 T 3922 N 18021 V 31 O 10 T 680 O 388 C 153 O 1240 V 2712 V 471 V 0 O 10 C 115 C 222 O 34 V 690 N 2992 T 2544 O 509 V 879 O 842 T 1929 C 595 O 32 N 133750 V 458 V 230 O 76 V 630 V 138 V 198 O 7 T 364 X 1207 O 463 V 675

G2 Goldfields* G2 Goldfields Gabriel Res*

O V O

THE NORTHERN MINER / OCTOBER 25–NOVEMBER 7, 2021

Week High

Low

0.04 0.14 0.12 9.68 11.97 0.47 1.19 1.42 3.70 2.98 0.82 0.65 2.50 2.06 0.05 0.04 0.75 0.57 0.14 2.82 3.59 0.03 2.10 31.85 6.00 4.86 0.19 0.24 0.26 0.21 10.22 8.22 0.04 0.04 0.30 0.27 0.84 1.04 8.18 10.17 0.13 0.16 0.35 0.43 0.08 0.10 25.83 20.95 0.07 0.09 0.09 1.96 2.44 0.13 0.11 0.24 0.29 0.15 0.22 0.50 0.68 0.38 0.31 0.08 0.06 0.13 0.15 0.05 0.00 0.16 0.12 0.04 0.07 0.59 0.37 0.37 1.94 1.55 0.44 0.55 0.10 0.08 0.50 5.19 7.39 0.13 0.11 0.15 0.38 0.35 0.11 0.09 0.13 0.13 0.09 0.32 0.39 0.27 0.32 0.07 0.06 10.74 8.65 0.18 0.08 1.04 1.28 0.30 0.24 0.10 0.00 0.69 0.87 0.27 0.33 0.14 0.18 0.00 12.65 15.66 0.33 0.26 0.39 30.28 0.10 0.09 0.20 0.16 0.93 1.13 0.05 0.03 0.11 0.13 0.04 0.20 0.08 0.06 0.11 2.19 2.75 1.18 0.44 11.35 5.78 4.68 0.70 0.55 0.12 0.10 0.17 0.43 0.52 1.19 0.00 0.50 0.65 0.51 0.37 0.47 140.93 174.59 0.02 0.20 0.16 0.58 0.40 0.34 39.01 0.16 0.03 11.86 0.89 0.03 0.18 0.15 0.93 0.76 0.06 0.08

0.00 0.10 0.08 8.38 10.47 0.44 0.94 1.22 3.37 2.72 0.70 0.56 1.80 1.68 0.00 0.04 0.00 0.00 0.14 2.50 3.06 0.00 1.64 29.86 5.26 4.20 0.17 0.21 0.20 0.17 7.82 6.37 0.03 0.00 0.00 0.20 0.00 0.97 7.27 9.13 0.09 0.13 0.30 0.38 0.00 0.00 22.47 18.50 0.00 0.00 0.00 1.66 2.08 0.00 0.00 0.19 0.25 0.00 0.18 0.44 0.37 0.00 0.27 0.08 0.05 0.00 0.00 0.04 0.00 0.14 0.12 0.04 0.06 0.00 0.00 0.33 1.79 1.43 0.38 0.47 0.00 0.07 0.41 5.19 7.39 0.10 0.08 0.00 0.33 0.15 0.00 0.07 0.00 0.11 0.08 0.29 0.36 0.23 0.28 0.07 0.00 8.95 7.18 0.14 0.06 0.88 1.10 0.28 0.22 0.10 0.00 0.00 0.74 0.21 0.27 0.12 0.14 0.00 11.11 13.86 0.29 0.23 0.33 25.29 0.08 0.06 0.15 0.12 0.60 0.80 0.00 0.03 0.09 0.11 0.04 0.09 0.06 0.04 0.09 1.78 2.13 0.83 0.35 10.35 5.12 4.10 0.00 0.00 0.11 0.08 0.14 0.38 0.46 0.97 0.00 0.50 0.52 0.37 0.30 0.42 133.09 166.16 0.02 0.14 0.14 0.47 0.36 0.00 34.44 0.14 0.00 10.89 0.83 0.00 0.00 0.12 0.82 0.66 0.05 0.07

Last

12-month Change

0.04 unch 0.14 + 0.11 + 9.64 + 11.93 + 0.47 + 1.16 + 1.33 3.61 + 2.92 + 0.79 + 0.65 + 2.43 + 1.98 + 0.05 unch 0.04 0.70 0.57 0.14 unch 2.68 + 3.33 + 0.03 1.97 + 31.52 + 5.77 + 4.68 + 0.19 + 0.24 + 0.26 + 0.21 + 9.70 + 7.80 + 0.04 + 0.04 + 0.26 0.20 0.83 + 1.04 + 7.91 + 9.77 + 0.11 + 0.14 + 0.31 + 0.39 unch 0.08 unch 0.10 unch 25.72 + 20.95 + 0.07 + 0.09 + 0.09 + 1.94 + 2.40 + 0.10 0.09 0.21 0.26 0.15 + 0.20 + 0.46 + 0.41 + 0.37 + 0.31 + 0.08 unch 0.06 + 0.10 0.15 0.05 + 0.02 unch 0.16 + 0.12 0.04 0.06 0.58 0.37 unch 0.34 1.84 1.50 + 0.41 + 0.50 + 0.10 unch 0.07 0.45 + 5.19 unch 7.39 unch 0.12 unch 0.09 + 0.15 + 0.35 0.28 0.11 + 0.09 + 0.13 unch 0.12 unch 0.09 0.31 0.38 + 0.24 0.29 0.07 unch 0.06 unch 10.60 + 8.56 + 0.14 0.06 1.02 + 1.24 + 0.30 + 0.23 + 0.10 unch 0.13 unch 0.69 + 0.85 + 0.26 + 0.32 + 0.12 0.15 0.10 unch 12.26 + 15.20 + 0.31 + 0.24 + 0.35 29.90 + 0.10 unch 0.06 0.18 + 0.14 + 0.86 + 1.07 + 0.04 0.03 unch 0.11 + 0.11 unch 0.04 unch 0.10 unch 0.07 + 0.05 + 0.09 1.91 + 2.43 + 1.04 + 0.37 10.91 + 5.68 + 4.60 + 0.70 unch 0.55 + 0.12 unch 0.09 + 0.17 + 0.40 + 0.50 + 1.15 + 0.40 unch 0.50 unch 0.65 + 0.49 + 0.37 + 0.43 140.74 + 173.61 + 0.02 0.18 unch 0.15 0.53 + 0.39 + 0.31 + 38.64 + 0.15 0.03 + 11.34 + 0.87 + 0.03 unch 0.17 + 0.15 + 0.88 + 0.72 + 0.06 + 0.07 +

0.00 0.04 0.02 1.20 1.40 0.00 0.21 0.06 0.21 0.19 0.04 0.05 0.33 0.29 0.00 0.00 0.05 0.09 0.00 0.15 0.14 0.04 0.31 1.52 0.47 0.44 0.03 0.02 0.04 0.05 1.80 1.45 0.01 0.01 0.04 0.07 0.04 0.07 0.54 0.59 0.01 0.01 0.00 0.00 0.00 0.00 2.69 2.53 0.01 0.01 0.01 0.20 0.24 0.03 0.00 0.02 0.02 0.00 0.02 0.01 0.03 0.01 0.03 0.00 0.01 0.04 0.04 0.01 0.00 0.02 0.01 0.02 0.01 0.01 0.00 0.02 0.01 0.01 0.02 0.02 0.00 0.01 0.01 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.02 0.01 0.00 0.00 0.00 0.01 0.01 0.01 0.03 0.00 0.00 1.60 1.33 0.04 0.01 0.10 0.07 0.02 0.00 0.00 0.00 0.07 0.11 0.05 0.04 0.02 0.02 0.00 0.92 1.07 0.01 0.01 0.01 4.40 0.00 0.03 0.03 0.02 0.20 0.26 0.01 0.00 0.02 0.00 0.00 0.00 0.02 0.01 0.02 0.15 0.23 0.21 0.01 0.66 0.51 0.45 0.00 0.10 0.00 0.01 0.02 0.01 0.01 0.12 0.00 0.00 0.10 0.12 0.07 0.01 5.18 4.57 0.00 0.00 0.04 0.03 0.02 0.02 4.51 0.01 0.01 0.09 0.03 0.00 0.02 0.03 0.05 0.06 0.01 0.01

Stock

0.06 0.19 0.16 14.49 18.90 0.49 1.26 4.32 5.88 4.65 0.85 0.74 2.50 2.06 0.16 0.12 1.05 0.87 0.29 3.81 4.83 0.12 2.27 37.12 9.32 7.76 0.35 0.24 0.30 0.22 10.56 8.39 0.14 0.06 0.55 0.30 0.90 1.12 13.07 17.25 0.25 0.33 0.40 0.50 0.19 0.25 29.76 22.30 0.09 0.11 0.11 2.49 3.14 0.51 0.14 0.50 0.60 0.30 0.38 0.85 0.68 0.47 0.39 0.24 0.16 0.39 0.40 1.02 0.06 0.53 0.44 0.13 0.14 1.45 0.98 0.42 4.76 3.90 0.94 1.19 0.15 0.11 1.35 8.34 10.50 0.40 0.60 0.20 0.48 0.50 0.16 0.15 0.17 0.31 0.24 0.44 0.88 0.46 0.58 0.11 0.17 11.97 9.85 0.20 0.26 1.29 1.66 0.40 0.34 0.25 0.30 0.90 1.20 0.37 0.46 0.31 0.62 0.10 24.01 30.75 0.51 0.42 0.76 35.07 0.18 0.14 0.24 0.20 0.96 1.18 0.07 0.05 0.21 0.27 0.11 0.24 0.28 0.22 0.48 2.19 2.75 1.30 0.50 20.40 12.61 9.85 1.30 0.98 0.27 0.22 0.38 0.47 0.56 3.47 0.60 0.50 0.65 0.73 0.57 0.94 163.79 205.25 0.15 0.26 0.20 1.17 0.65 0.53 46.10 0.39 0.10 17.90 1.39 0.04 0.65 0.57 2.37 1.85 0.26 0.33

Gabriel Res Galane Gold * Galane Gold Galantas Gold Galantas Gold* Galiano Gold Galiano Gold* Galleon Gold* Galleon Gold Galore Res Galway Gold * Galway Gold Galway Mtls* Galway Mtls Gambier Gold Gambier Gold* Garibaldi Res * Garibaldi Res Gatling Explor Gatling Explor* Gatos Silver Gatos Silver* General Gold Generation Min Generation Min* Generic Gold* Generic Gold Genesis Mtls Genesis Mtls* Genius Metals Gensource Pot Gentor Res Geomega Res Geomega Res* Getchell Gold * Getchell Gold Getty Copper GFG Resources GFG Resources* GFM Res GGL Res GGL Res* GGX Gold* GGX Gold Giga Metals* Giga Metals Gitennes Expl Gitennes Expl * Giyani Gold* Giyani Gold GK Resources Glacier Lake* Glacier Lake Gladiator Met Glen Eagle Res* Glen Eagle Res Glencore Plc * Glencore Plc* Global Atomic* Global Atomic Global Battery Global Battery* Global Energy* Global Energy Global Gold* Global Li-Ion Global Li-Ion* GlobalMin Vent* Globex Mng* Globex Mng GMV Minerals* GMV Minerals GNCC Capital* Go Cobalt GobiMin GoGold Res Golcap Res Gold Basin Res* Gold Basin Res Gold Bull Res* Gold Bull Res Gold Fields* Gold Fields* Gold Finder Ex* Gold Finder Ex Gold Hunter Rs Gold Line Res Gold Lion Res* Gold Lion Res Gold Mountain* Gold Mountain Gold Port Gold Reserve* Gold Reserve Gold Resource* Gold Royalty* Gold State Res Gold State Res* Gold Std Vents Gold Std Vents* Gold’n Futures Gold79 Mines Gold79 Mines* Goldbank Mng Goldbelt Emp Goldcliff Res Goldcliff Res* Golden Arrow* Golden Arrow Golden Band* Golden Dawn Ml* Golden Dawn Ml Golden Goliath* Golden Goliath Golden Harp Golden Hope Golden Hope* Golden Indepen Golden Indepe* Golden Lake Golden Mnls Golden Mnls* Golden Pursuit* Golden Pursuit Golden Ridge Golden Secret Golden Share Golden Spike Golden Star Golden Star* Golden Tag Golden Tag* Golden Valley Golden Valley* Goldex Res Goldex Res* Goldflare Expl Goldgroup Mng* Goldgroup Mng GoldHaven Res* Goldhills Hldg GoldMining GoldON Res GoldON Res* Goldplay Min GoldQuest Mng Goldrea Res Goldrea Res* Goldrich Mng* Goldseek Res Goldseek Res* Goldshore Res* Goldshore Res Goldsource Min* Goldsource Min Goldstar Mnls Goliath Res* Goliath Res Gossan Res GoviEx Uranium* GoviEx Uranium Gowest Gold* Gowest Gold GPM Metals* GPM Metals GR Silver* GR Silver Gran Colombia Gran Colombia* Granada Gold Granada Gold* Grande Portage Grande Portage* Granite Creek* Granite Creek Graphano Egy Graphite One* Graphite One Gratomic* Gratomic Graycliff Exp Great Atlantic Great Bear Res* Great Bear Res Great Lakes Gr* Great Panther*

0.03 0.06 0.04 7.46 9.52 0.28 0.67 1.22 1.18 0.90 0.43 0.32 0.13 0.05 0.05 0.04 0.44 0.47 0.10 2.43 3.05 0.00 0.36 23.12 4.00 2.99 0.09 0.19 0.17 0.12 1.91 1.42 0.03 0.02 0.23 0.18 0.29 0.39 5.90 7.53 0.07 0.09 0.26 0.33 0.03 0.03 17.24 16.63 0.05 0.07 0.07 0.63 0.80 0.10 0.09 0.12 0.16 0.15 0.17 0.18 0.33 0.30 0.20 0.01 0.00 0.11 0.13 0.01 0.01 0.14 0.00 0.00 0.05 0.28 0.10 0.28 1.59 1.25 0.35 0.44 0.08 0.06 0.19 5.19 6.50 0.07 0.07 0.14 0.34 0.15 0.08 0.02 0.08 0.05 0.04 0.29 0.34 0.15 0.15 0.06 0.05 1.60 1.00 0.07 0.06 0.74 0.95 0.13 0.11 0.01 0.11 0.51 0.65 0.09 0.12 0.12 0.14 0.07 9.62 12.56 0.28 0.22 0.05 12.04 0.05 0.03 0.06 0.04 0.17 0.23 0.02 0.01 0.05 0.07 0.04 0.03 0.03 0.02 0.10 0.24 0.16 0.12 0.13 10.25 4.71 3.74 0.57 0.10 0.06 0.04 0.11 0.08 0.11 0.89 0.37 0.23 0.31 0.07 0.05 0.42 105.62 133.63 0.00 0.03 0.12 0.47 0.28 0.23 16.50 0.14 0.03 10.20 0.27 0.02 0.11 0.00 0.76 0.60 0.02 0.03

G-H 11 103 15

0.38 0.47 0.20

0.37 0.45 0.17

0.37 0.46 0.19

+

0.01 0.01 0.00

(100s)

High Low

0.50 0.25 0.66 0.35 0.32 0.15

Exc Volume V 55 O 1715 V 2597 V 257 O 264 T 183 X 1445 O 994 V 2001 V 0 O 38 V 41 O 194 V 380 V 324 O 62 O 57 V 334 V 415 O 257 T 106 N 3115 C 56 T 1551 O 289 O 10 C 99 V 420 O 190 C 4 V 493 V 0 V 564 O 52 O 153 C 222 V 0 V 464 O 682 V 40 V 86 O 143 O 69 V 551 O 1120 V 1504 V 316 O 30 O 83 V 5823 V 0 O 0 V 23 V 0 O 80 V 1201 O 293 O 1398 O 699 T 3261 V 438 O 379 O 154 V 93 O 3 C 225 O 401 O 1 O 40 T 133 O 277 V 277 O 7685645 C 58 V 7 T 4718 C 70 O 0 C 263 O 58 V 214 O 0 N 24490 O 256 V 1428 C 75 V 298 O 356 C 129 O 98 V 624 C 567 O 27 V 8 X 2729 X 2483 V 269 O 10 T 658 X 4078 C 186 V 1246 O 84 V 0 V 0 V 15 O 15 O 203 V 311 O 5209 O 13 V 1365 O 309 V 750 V 0 V 94 O 3 C 537 O 145 C 552 T 51 X 2997 O 0 V 10 V 311 V 199 V 105 C 25 T 81 X 2297 V 950 O 600 V 284 O 34 V 1 O 2 V 150 O 291 T 529 O 829 V 0 T 722 V 467 O 14 V 174 V 352 C 245 O 134 O 301 C 481 O 0 O 50 V 356 O 28 V 92 V 28 O 249 V 308 V 201 O 1688 V 8104 O 23 V 253 O 9 V 219 O 340 V 1019 T 1279 O 125 V 190 O 246 V 613 O 572 O 314 V 564 V 154 O 168 V 333 O 134 V 1982 C 160 V 116 O 90 V 245 O 66 X 6457

Week

12-month

High

Low

Last

Change

0.24 0.12 0.15 0.47 0.38 1.03 0.83 0.06 0.07 0.00 0.12 0.19 0.54 0.61 0.10 0.08 0.24 0.30 0.36 0.30 15.35 12.46 0.30 0.72 0.58 0.29 0.35 0.11 0.09 0.22 0.31 0.00 0.30 0.24 0.48 0.58 0.00 0.17 0.13 0.15 0.13 0.11 0.16 0.19 0.42 0.52 0.07 0.05 0.56 0.61 0.00 0.00 0.28 0.00 0.11 0.16 5.39 10.73 3.48 4.29 0.25 0.20 0.22 0.27 1.75 0.09 0.07 0.16 0.85 1.06 0.17 0.20 0.00 0.19 0.20 3.35 0.23 0.00 0.29 0.22 0.27 0.00 9.60 0.05 0.07 0.36 0.16 0.12 0.15 1.49 1.85 0.11 1.79 2.14 1.80 5.58 0.09 0.07 0.63 0.51 0.07 0.07 0.06 0.00 0.00 0.08 0.06 0.14 0.18 0.00 0.19 0.25 0.05 0.05 0.00 0.30 0.23 0.15 0.12 0.20 0.64 0.52 0.00 0.12 0.20 5.30 0.12 0.39 3.62 2.90 0.31 0.27 12.85 10.39 0.00 0.07 0.05 0.04 0.04 0.45 0.00 1.68 0.19 0.15 0.15 0.15 0.05 0.04 0.04 0.19 0.00 0.48 0.60 0.79 1.00 0.09 0.67 0.83 0.22 0.38 0.48 0.17 0.20 0.07 0.12 0.27 0.34 5.24 4.24 0.10 0.08 0.52 0.42 0.14 0.17 0.33 1.25 1.55 1.07 1.33 0.36 0.38 14.00 17.50 0.00 0.51

0.00 0.09 0.11 0.38 0.31 0.93 0.75 0.04 0.06 0.00 0.12 0.00 0.44 0.56 0.09 0.07 0.20 0.25 0.30 0.25 13.33 10.70 0.00 0.59 0.49 0.29 0.23 0.00 0.08 0.22 0.27 0.00 0.26 0.20 0.43 0.53 0.00 0.15 0.12 0.00 0.00 0.08 0.14 0.00 0.29 0.37 0.00 0.00 0.36 0.44 0.00 0.00 0.00 0.00 0.10 0.12 4.92 9.86 2.62 3.15 0.20 0.15 0.20 0.24 0.88 0.08 0.01 0.16 0.74 0.93 0.14 0.17 0.00 0.19 0.00 2.86 0.19 0.00 0.24 0.15 0.19 0.00 8.66 0.04 0.06 0.34 0.13 0.11 0.10 1.38 1.75 0.10 1.60 0.00 1.61 5.08 0.00 0.00 0.55 0.43 0.06 0.06 0.05 0.00 0.00 0.00 0.06 0.00 0.17 0.00 0.15 0.00 0.03 0.04 0.00 0.27 0.00 0.13 0.10 0.17 0.54 0.43 0.00 0.00 0.16 4.90 0.00 0.00 3.09 2.55 0.28 0.22 12.03 9.67 0.00 0.00 0.00 0.03 0.04 0.32 0.00 1.49 0.16 0.02 0.00 0.13 0.04 0.04 0.03 0.15 0.00 0.41 0.54 0.61 0.84 0.00 0.60 0.74 0.16 0.29 0.36 0.16 0.19 0.07 0.00 0.23 0.29 4.95 3.97 0.09 0.07 0.44 0.35 0.11 0.14 0.31 1.06 1.45 0.86 1.14 0.33 0.33 12.89 16.00 0.00 0.45

0.24 + 0.11 + 0.14 + 0.43 + 0.34 + 1.01 + 0.81 + 0.05 + 0.07 + 0.02 unch 0.12 0.16 0.48 + 0.58 0.09 unch 0.08 + 0.22 0.27 0.35 0.28 14.88 + 12.00 + 0.30 unch 0.70 + 0.56 + 0.29 unch 0.23 0.11 + 0.09 + 0.22 unch 0.31 + 0.11 unch 0.30 + 0.24 + 0.45 + 0.58 + 0.06 unch 0.17 + 0.13 + 0.15 unch 0.13 + 0.11 + 0.16 + 0.18 + 0.38 + 0.45 + 0.06 + 0.05 + 0.36 0.44 0.18 unch 0.22 unch 0.28 + 0.28 unch 0.11 unch 0.14 + 5.37 + 10.70 + 3.27 + 4.07 + 0.25 + 0.20 + 0.21 0.25 0.88 0.08 unch 0.06 0.16 unch 0.81 + 0.98 + 0.16 + 0.19 + 0.00 0.19 unch 0.20 + 3.25 + 0.19 0.25 unch 0.29 + 0.20 + 0.24 + 8.52 unch 9.37 + 0.05 0.06 0.34 0.13 0.12 unch 0.10 1.44 + 1.81 + 0.10 1.69 + 2.14 + 1.72 + 5.56 + 0.07 0.07 unch 0.57 unch 0.47 + 0.07 + 0.07 + 0.06 + 0.18 unch 0.02 unch 0.07 unch 0.06 + 0.14 unch 0.17 unch 0.00 + 0.15 0.18 0.03 0.05 unch 0.17 unch 0.28 + 0.23 + 0.13 0.10 0.19 + 0.63 + 0.51 + 0.12 unch 0.12 unch 0.16 4.90 0.11 0.39 unch 3.41 + 2.75 + 0.31 + 0.25 + 12.85 + 10.39 + 0.06 unch 0.05 + 0.04 0.03 unch 0.04 unch 0.43 + 0.25 unch 1.62 + 0.17 0.15 0.14 unch 0.14 0.04 unch 0.04 + 0.03 0.16 0.16 unch 0.47 + 0.57 + 0.79 + 0.98 + 0.09 + 0.61 0.76 0.21 + 0.36 + 0.45 + 0.17 + 0.19 0.07 unch 0.11 0.26 + 0.33 + 5.10 + 4.11 + 0.09 0.08 + 0.50 + 0.41 + 0.13 + 0.17 + 0.31 unch 1.25 + 1.55 + 1.05 + 1.32 + 0.33 0.36 + 13.05 + 16.26 + 0.00 unch 0.51 +

0.01 0.02 0.02 0.04 0.02 0.06 0.03 0.00 0.01 0.00 0.00 0.04 0.01 0.01 0.00 0.01 0.00 0.02 0.01 0.00 1.28 1.07 0.00 0.06 0.05 0.00 0.05 0.01 0.01 0.00 0.04 0.00 0.03 0.01 0.02 0.04 0.00 0.02 0.01 0.00 0.02 0.02 0.02 0.01 0.09 0.08 0.02 0.00 0.09 0.15 0.00 0.00 0.01 0.00 0.00 0.01 0.54 1.07 0.70 0.85 0.05 0.04 0.00 0.01 0.88 0.00 0.00 0.00 0.05 0.05 0.02 0.02 0.00 0.00 0.01 0.34 0.02 0.00 0.04 0.03 0.01 0.00 0.63 0.00 0.01 0.02 0.01 0.00 0.05 0.02 0.04 0.01 0.09 0.08 0.09 0.48 0.01 0.00 0.00 0.02 0.01 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.04 0.07 0.01 0.00 0.00 0.01 0.00 0.02 0.02 0.02 0.08 0.07 0.00 0.00 0.01 0.08 0.02 0.00 0.20 0.20 0.01 0.01 0.70 0.76 0.00 0.01 0.01 0.00 0.00 0.07 0.00 0.11 0.02 0.00 0.00 0.01 0.00 0.01 0.00 0.01 0.00 0.02 0.02 0.15 0.13 0.01 0.03 0.03 0.05 0.07 0.09 0.00 0.01 0.00 0.01 0.03 0.03 0.05 0.07 0.01 0.00 0.01 0.03 0.02 0.02 0.00 0.07 0.06 0.10 0.14 0.03 0.03 0.06 0.05 0.00 0.05

(100s) Exc Volume

Week

High Low

Stock

0.42 0.28 0.35 0.94 0.78 2.17 1.64 0.12 0.14 0.03 3.95 0.29 1.07 1.45 0.36 0.29 0.51 0.64 0.68 0.52 31.08 24.00 0.63 1.23 1.02 0.67 0.80 0.28 0.22 0.28 0.32 0.11 0.60 0.47 0.61 0.77 0.11 0.25 0.18 0.15 0.45 0.29 0.15 0.20 0.71 0.92 0.16 0.12 0.70 0.87 0.30 0.42 0.40

0.20 0.08 0.10 0.22 0.16 0.85 0.66 0.04 0.06 0.01 0.09 0.12 0.44 0.57 0.09 0.01 0.19 0.23 0.30 0.25 7.77 5.78 0.16 0.45 0.34 0.25 0.21 0.09 0.07 0.16 0.19 0.05 0.17 0.12 0.22 0.30 0.04 0.12 0.10 0.07 0.11 0.08 0.08 0.10 0.27 0.33 0.05 0.04 0.13 0.17 0.10 0.20 0.20

T V O V O C V V V C O

0.13 0.18 5.30 10.54 3.62 4.42 1.93 1.52 0.28 0.35 2.70 0.27 0.21 0.80 1.24 1.49 0.36 0.45 0.00 1.20 0.37 3.55 0.60 0.39 0.46 0.56 0.71 12.82 13.13 0.23 0.23 0.95 0.76 0.52 0.45 2.65 3.12 0.26 1.78 2.22 3.78 7.08 0.38 0.17 1.23 0.97 0.21 0.12 0.10 0.19 0.05 0.16 0.13 0.20 0.21 0.01 0.24 0.31 0.30 0.28 0.25 0.46 0.35 0.72 0.57 0.70 1.65 1.30 0.19 0.25 0.41 5.44 0.17 0.49 6.26 4.77 0.65 0.52 13.05 10.33 0.09 1.10 0.10 0.06 0.08 0.87 0.33 3.49 1.14 0.86 0.20 0.43 0.06 0.05 0.10 0.45 0.27 1.75 0.98 1.12 1.60 0.21 1.31 1.62 0.35 0.47 0.59 0.39 0.51 0.13 0.15 0.74 0.92 8.40 6.61 0.27 0.20 0.78 0.65 0.24 0.29 0.40 1.89 2.40 1.51 1.84 2.86 0.88 14.89 17.92 0.02 1.16

0.04 0.05 1.97 3.90 0.41 0.56 0.09 0.05 0.12 0.16 0.55 0.07 0.01 0.00 0.43 0.57 0.13 0.17 0.00 0.18 0.19 1.38 0.08 0.02 0.24 0.14 0.18 8.00 7.75 0.03 0.05 0.30 0.14 0.08 0.08 1.04 0.76 0.10 1.17 1.50 1.55 3.39 0.05 0.05 0.54 0.43 0.06 0.06 0.04 0.10 0.02 0.07 0.05 0.12 0.15 0.00 0.08 0.11 0.00 0.04 0.16 0.27 0.21 0.11 0.09 0.12 0.53 0.41 0.10 0.10 0.12 2.01 0.08 0.35 2.58 2.04 0.22 0.17 6.01 4.81 0.06 0.00 0.04 0.02 0.04 0.21 0.08 1.40 0.17 0.00 0.14 0.13 0.03 0.02 0.02 0.11 0.15 0.26 0.53 0.55 0.74 0.08 0.10 0.12 0.08 0.09 0.12 0.12 0.16 0.04 0.05 0.20 0.25 4.50 3.37 0.09 0.07 0.24 0.18 0.08 0.11 0.27 0.28 0.37 0.10 0.13 0.33 0.32 10.08 12.80 0.00 0.42

Great Panther Great Quest Fe Great Western* Green Battery Green River* Green River Green Swan Cap Green Valley M Greencastle Rs Greenhawk Res Greenland M&En* Greenland Res Greenshield Ex Grid Metals* Grid Metals Grizzly Discvr* Grizzly Discvr Grosvenor Res Group Eleven Group Ten Mtls* Group Ten Mtls GSP Resource Guanajuato Sil* Guanajuato Sil Guardian Exp Gungnir Res* Gungnir Res Gunpoint Expl* Gunpoint Expl Guyana Goldstr Handeni Gold* Hanna Capital Hannan Metals Hannan Metals* Hanstone Gold Happy Ck Mnrls Harfang Explor* Harfang Explor Harmony Gold* Harte Gold Harte Gold* Harvest Gold* Harvest Gold Hawkeye Gld&Di Hawkeye Gld&Di* Hawkmoon Res Headwater Gold Headwater Gold* Hecla Mining* Heliostar Met* Heliostar Met Hemcare Health* Hemlo Expl* Hemlo Expl HFX Holding Highbank Res Highbury Proj HighGold HighGold* Highland Copp Highland Copp* Highway 50 Gld Highway 50 Gld* Highwood Asset HiHo Silver* Hochschild Mg* Homerun Res Honey Badger Honey Badger* Horizon Mnls* Horizonte Mnls* Horizonte Mnls HudBay Min* HudBay Min Hudson Res* Hudson Res Hunt Mng Hunt Mng* Hylands Intl i-80 Gold i-80 Gold*

870 48 104 240 1 396 82 2 13 365 1997 4068 202 251 566 9 275 0 262 968 697 563 1036 2282 12 221 5297 0 3 0 0 25 98 44 6 671 18 74 24653 2251 847 6 1 889 4 924 402 80 45184 317 538 120 114 253 0 0 0 3965 482 417 72 0 0 0 37 64 37 558 905 1 40 163 6725 8025 144 273 103 25 0 2103 133

0.63 0.05 0.00 0.13 0.05 0.06 0.06 0.69 0.12 0.10 0.11 0.77 1.00 0.11 0.14 0.04 0.05 0.00 0.12 0.28 0.33 0.30 0.44 0.54 0.07 0.20 0.26 0.46 0.60 0.00 0.00 0.05 0.35 0.30 0.32 0.05 0.26 0.33 3.91 0.07 0.05 0.12 0.16 0.02 0.02 0.12 0.27 0.21 5.74 0.66 0.80 2.28 0.23 0.30 0.00 0.00 0.00 1.89 1.53 0.10 0.09 0.00 0.00 0.00 0.04 2.04 0.10 0.07 0.06 0.00 0.11 0.15 7.57 9.37 0.07 0.08 0.05 0.04 0.00 3.50 2.83

I-Minerals I-Minerals* IAMGOLD* IAMGOLD Icon Explor* Iconic Mnls * Iconic Mnls Idaho Champion* Idaho Champion IEMR Res iMetal Res* iMetal Res IMPACT Silver Impala Platnm* Imperial Metal Imperial Metal* Imperial Mg Gr* Imperial Mg Gr Inca One Gold* Inca One Gold Inception Mng * Independence G Independence G* Indiana Res* Indigo Expl Infield Min Infinite Ore Infinite Ore* Inflection Res Infrastructure* Inomin Mines Intact Gold Integra Res* Integra Res Inter-Rock Mnl Inter-Rock Mnl* Interconnect Intercontinent* Intercontinent Interra Copper Interra Copper* Intl Battery* Intl Battery Intl Bethl Mng* Intl Bethl Mng Intl Iconic* Intl Iconic Intl Lithium Intl Lithium* Intl Prospect Intl Prospect * Intl Star* Intl Tower Hil* Intl Tower Hil Intl Zeolite* Intl Zeolite Intrepid Pots* Inventus Mg * Inventus Mg InZinc Mining InZinc Mining* Ion Energy* Ion Energy Irving Res* Irving Res IsoEnergy Ltd Itafos* Itafos Itoco Inc* Ivanhoe Mines* Ivanhoe Mines Jade Leader* Jade Leader Jaeger Res Jaguar Mng Jaguar Mng* Japan Gold* Japan Gold Jasper Mining Jaxon Mining* Jaxon Mining Jayden Res Jazz Res Jervois Mining Jervois Mining* Josemaria Res Joshua Gold* Jourdan Res Jubilee Gold Jubilee Metals* Juggernaut Exp* Juggernaut Exp Jupiter Gold* K2 Gold K9 Gold* K92 Mining K92 Mining* Kainantu Res Kaizen Discov Kaizen Discvry* Kalo Gold Kanadario Gold

V 15 O 118 N 33573 T 6633 O 0 O 383 V 2201 O 607 C 342 V 15 O 308 V 333 V 1056 O 1 T 204 O 51 O 1058 V 1364 O 13 V 26 O 6651 V 338 O 361 O 0 V 84 V 249 V 1988 O 268 C 408 O 31 V 3 V 27 X 593 V 386 V 0 O 7 V 0 O 0 V 0 C 774 O 117 O 372 C 165 O 3 V 89 O 54 V 164 V 2957 O 2290 V 208 O 73 O 107102 X 288 T 17 O 24 V 83 N 1002 O 125 V 97 V 559 O 4 O 227 V 599 O 136 C 91 V 2760 O 22 V 23 O 567 O 809 T 6301 O 16 V 35 V 2 T 427 O 152 O 33 V 212 V 0 O 48 V 196 V 134 V 57 V 451 O 584 T 1943 O 57 V 2172 V 0 O 25 O 46 V 225 O 2 V 149 O 240 T 3785 O 234 V 22 V 189 O 332 V 228 V 150

0.04 0.03 2.77 3.42 0.04 0.23 0.28 0.11 0.12 0.03 0.06 0.07 0.61 15.00 4.40 3.51 0.14 0.18 0.29 0.39 0.02 0.07 0.06 0.04 0.10 0.09 0.10 0.07 0.16 0.00 0.09 0.08 2.42 3.00 0.00 0.39 0.00 0.00 0.00 0.15 0.11 0.70 0.87 0.03 0.06 0.05 0.07 0.09 0.07 0.20 0.36 0.01 0.86 1.06 0.12 0.17 43.60 0.13 0.18 0.06 0.04 0.42 0.52 0.92 1.14 5.27 1.12 1.40 0.27 8.01 9.95 0.06 0.08 0.03 4.81 3.88 0.24 0.29 0.00 0.05 0.06 0.51 0.59 0.52 0.43 1.29 0.04 0.06 0.00 0.21 0.13 0.17 1.00 0.25 0.25 7.02 5.68 0.20 0.06 0.05 0.26 0.81

V O V O V V V O V V O V V O V O V V O V V O V V O V N T O O V V O C C O N O V O O V V V V V O V O V O V O O V V O O O T N T O V V O V T O

High

Low

Last

12-month Change

0.56 0.62 + 0.00 0.04 0.00 0.00 unch 0.10 0.13 + 0.05 0.05 unch 0.06 0.06 unch 0.00 0.05 0.00 0.68 + 0.00 0.12 unch 0.07 0.08 0.08 0.09 + 0.37 0.74 + 0.74 0.99 + 0.08 0.10 + 0.10 0.12 + 0.04 0.04 + 0.00 0.05 unch 0.00 0.14 unch 0.10 0.10 0.24 0.25 + 0.30 0.31 0.19 0.20 0.32 0.41 + 0.40 0.51 + 0.00 0.07 unch 0.14 0.15 0.17 0.18 0.46 0.46 unch 0.00 0.60 + 0.00 0.13 unch 0.00 0.00 unch 0.00 0.05 0.28 0.31 + 0.23 0.26 + 0.00 0.32 0.00 0.05 unch 0.26 0.26 unch 0.31 0.31 3.49 3.86 + 0.06 0.06 0.04 0.05 0.03 0.03 0.00 0.16 + 0.02 0.02 unch 0.02 0.02 unch 0.09 0.10 0.21 0.25 + 0.17 0.20 + 5.09 5.58 + 0.60 0.64 + 0.73 0.78 + 1.65 2.28 + 0.20 0.20 unch 0.00 0.30 + 0.00 0.03 unch 0.00 0.02 unch 0.00 0.26 unch 1.66 1.69 + 1.34 1.38 + 0.00 0.10 + 0.00 0.09 + 0.00 0.28 unch 0.00 0.28 unch 0.00 12.00 unch 0.04 0.04 unch 1.90 1.97 + 0.00 0.08 0.06 0.07 + 0.04 0.05 + 0.00 0.00 unch 0.11 0.11 unch 0.00 0.14 unch 6.61 7.48 + 8.03 9.26 + 0.06 0.06 + 0.08 0.08 unch 0.00 0.05 0.04 0.04 unch 0.00 0.03 unch 3.05 3.36 + 2.46 2.71 +

High Low

0.04 0.01 0.00 0.01 0.00 0.00 0.01 0.08 0.00 0.01 0.01 0.20 0.14 0.01 0.02 0.00 0.00 0.00 0.01 0.00 0.01 0.01 0.08 0.11 0.00 0.02 0.04 0.00 0.01 0.00 0.00 0.01 0.03 0.04 0.02 0.00 0.00 0.03 0.36 0.01 0.00 0.09 0.01 0.00 0.00 0.02 0.02 0.02 0.08 0.03 0.02 0.04 0.00 0.05 0.00 0.00 0.00 0.03 0.03 0.01 0.01 0.00 0.00 0.00 0.00 0.06 0.03 0.01 0.00 0.00 0.00 0.00 0.91 1.08 0.01 0.00 0.01 0.00 0.00 0.18 0.16

1.47 0.17 0.01 0.72 0.07 0.09 0.12 1.81 0.26 0.70 0.30 0.67 0.99 0.27 0.34 0.07 0.09 0.17 0.18 0.50 0.51 0.50 0.70 0.74 0.20 0.25 0.32 0.60 0.75 0.20 0.15 0.16 0.62 0.49 0.63 0.15 0.39 0.62 6.02 0.18 0.15 0.20 0.25 0.05 0.04 0.20 0.65 0.27 9.44 1.47 1.81 2.27 0.64 0.90 0.11 0.03 0.26 2.82 2.13 0.15 0.12 0.47 0.37 19.00 0.05 3.77 0.13 0.18 0.20 0.08 0.15 0.18 9.60 11.62 0.29 0.38 0.20 0.23 0.06 3.54 2.83

0.53 0.04 0.00 0.07 0.04 0.05 0.03 0.25 0.08 0.07 0.05 0.30 0.14 0.07 0.09 0.02 0.03 0.14 0.06 0.20 0.27 0.19 0.15 0.20 0.07 0.03 0.04 0.45 0.57 0.09 0.00 0.05 0.22 0.16 0.28 0.04 0.22 0.27 3.00 0.05 0.04 0.00 0.14 0.02 0.01 0.08 0.19 0.15 4.32 0.10 0.69 0.65 0.20 0.23 0.03 0.01 0.20 0.98 0.79 0.04 0.03 0.21 0.20 4.72 0.01 1.75 0.04 0.06 0.00 0.00 0.07 0.10 4.33 5.79 0.05 0.07 0.05 0.01 0.03 2.26 1.88

0.01 0.00 0.27 0.33 0.00 0.03 0.01 0.00 0.00 0.00 0.01 0.00 0.09 1.98 0.03 0.07 0.02 0.02 0.01 0.04 0.00 0.00 0.01 0.00 0.02 0.02 0.03 0.01 0.01 0.00 0.01 0.00 0.08 0.04 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.05 0.03 0.00 0.00 0.01 0.01 0.02 0.01 0.03 0.01 0.00 0.07 0.08 0.00 0.00 6.38 0.00 0.00 0.01 0.01 0.03 0.05 0.05 0.09 0.20 0.02 0.04 0.03 1.00 1.20 0.00 0.00 0.00 0.57 0.46 0.02 0.01 0.00 0.00 0.00 0.04 0.01 0.00 0.02 0.18 0.01 0.01 0.00 0.00 0.00 0.02 0.24 0.05 0.01 0.52 0.51 0.01 0.01 0.00 0.02 0.00

0.06 0.05 4.20 5.51 0.13 0.30 0.37 0.25 0.27 0.05 0.15 0.20 1.22 21.00 6.25 4.92 0.90 0.24 0.55 0.65 0.05 0.23 0.17 0.07 0.11 0.42 0.23 0.19 0.49 0.14 0.23 0.12 4.08 5.16 0.50 0.39 0.11 0.20 0.26 0.34 0.27 0.78 0.99 0.09 0.12 0.10 0.09 0.16 0.13 0.25 0.40 0.02 1.90 2.60 0.24 0.33 43.19 0.26 0.33 0.08 0.05 1.40 0.67 2.35 3.15 6.61 1.55 1.90 0.35 8.28 10.22 0.08 0.11 0.06 11.30 9.30 0.38 0.47 0.21 0.08 0.10 1.05 0.60 0.61 0.51 1.25 0.20 0.18 0.90 0.32 0.41 0.52 2.25 0.96 0.66 9.36 7.60 0.40 0.09 0.07 0.59 1.95

0.03 0.01 2.16 2.75 0.00 0.07 0.09 0.06 0.07 0.02 0.05 0.06 0.42 10.38 2.95 2.24 0.08 0.07 0.18 0.30 0.01 0.05 0.04 0.04 0.06 0.07 0.05 0.04 0.14 0.00 0.06 0.05 2.12 2.70 0.37 0.31 0.07 0.08 0.09 0.10 0.07 0.07 0.10 0.01 0.03 0.03 0.04 0.04 0.03 0.09 0.07 0.00 0.62 0.79 0.04 0.05 8.75 0.08 0.10 0.03 0.02 0.13 0.27 0.82 1.03 1.08 0.88 0.23 0.02 3.38 4.61 0.03 0.05 0.03 3.70 1.25 0.20 0.25 0.05 0.05 0.06 0.17 0.23 0.25 0.17 0.62 0.02 0.02 0.59 0.08 0.08 0.11 0.31 0.20 0.16 5.75 4.42 0.15 0.03 0.03 0.22 0.44

I-J-K 0.00 0.03 + 0.02 0.02 2.45 2.74 + 3.04 3.39 + 0.00 0.04 unch 0.16 0.17 + 0.19 0.21 + 0.08 0.09 + 0.08 0.10 unch 0.00 0.03 unch 0.05 0.05 0.06 0.07 unch 0.48 0.57 + 0.00 14.82 + 4.04 4.27 + 3.35 3.47 + 0.12 0.14 + 0.15 0.16 + 0.00 0.29 + 0.34 0.39 + 0.01 0.01 0.06 0.07 unch 0.04 0.05 + 0.04 0.04 unch 0.00 0.10 + 0.00 0.08 0.06 0.09 + 0.05 0.06 + 0.14 0.16 + 0.00 0.00 unch 0.00 0.09 + 0.00 0.08 unch 2.24 2.33 + 2.75 2.85 + 0.00 0.43 unch 0.39 0.39 unch 0.00 0.10 unch 0.00 0.11 unch 0.00 0.15 unch 0.11 0.13 unch 0.00 0.10 + 0.61 0.68 + 0.79 0.84 + 0.03 0.03 unch 0.00 0.04 unch 0.00 0.05 0.00 0.06 0.07 0.09 + 0.06 0.07 + 0.17 0.17 0.13 0.15 + 0.01 0.01 + 0.73 0.84 + 0.00 1.04 + 0.00 0.12 unch 0.00 0.16 unch 35.55 41.42 + 0.13 0.13 unch 0.00 0.17 unch 0.00 0.05 0.00 0.04 0.36 0.40 + 0.44 0.50 + 0.83 0.91 + 1.03 1.13 + 4.06 4.47 + 0.00 1.12 + 1.24 1.32 0.21 0.22 6.90 7.97 + 8.68 9.88 + 0.00 0.06 unch 0.00 0.08 unch 0.00 0.03 unch 3.91 4.51 + 3.11 3.66 + 0.22 0.23 + 0.00 0.28 + 0.00 0.07 unch 0.05 0.05 + 0.00 0.06 unch 0.00 0.47 0.00 0.58 0.49 0.52 unch 0.34 0.42 + 1.07 1.29 + 0.03 0.03 0.05 0.06 + 0.00 0.59 unch 0.21 0.21 unch 0.12 0.13 0.15 0.16 0.00 0.75 0.20 0.25 + 0.18 0.19 + 6.25 6.90 + 5.09 5.61 + 0.00 0.18 0.00 0.06 + 0.00 0.04 0.22 0.24 + 0.80 0.80 unch

(100s) Stock

Exc Volume

Week High

Karam Min Karnalyte Res Karoo Expl Karora Res* KAT Expl* Kenadyr Metals* Kenadyr Metals Kenorland Min Kermode Res Kesselrun Res Kesselrun Res* Kestrel Gold KGL Resources Kincora Copper Kincora Copper* King Global* King Global Kingfisher Met* Kingfisher Met Kingman Min* Kingman Min Kings Bay Res Kingsmen Res Kingsmen Res* Kinross Gold Kinross Gold* Kintavar Exp Kiplin Metals Kiplin Metals* Kirkland Lake Kirkland Lake* Klondike Gold Klondike Gold* Klondike Silv* Klondike Silv Kodiak Copper* Kombat Copper* Kombat Copper Kootenay Silvr Kootenay Silvr* Kootenay Zinc Kore Mining Kore Mining * Kutcho Copper * Kuya Silver Kuya Silver* KWG Res KWG Res*

C T V O O O V V V V O V V V O O V O V O V V V O T N V V O T N V O O V O O V V O C V O O C O C O

63 114 14 1020 4241 8 13 56 574 908 50 645 33 300 6 198 2761 147 593 60 927 22 31 5 15848 59717 160 65 0 3966 6676 76 27 193 441 47 26 1093 869 512 573 1482 803 331 429 312 3726 284

0.49 0.16 0.55 3.45 0.01 0.11 0.13 0.82 0.02 0.17 0.13 0.10 0.13 0.14 0.11 0.06 0.08 0.53 0.50 0.06 0.07 0.14 0.15 0.12 7.66 6.20 0.17 0.98 0.00 57.58 46.59 0.19 0.15 0.05 0.06 1.13 0.43 0.58 0.24 0.20 0.03 0.50 0.41 0.79 1.36 1.15 0.04 0.04

Labrador Gold* Labrador Gold Labrador IMH* Labrador IOR* Labrador IOR Lake Resources* Lara Expl Laramide Res Laredo Res* Largo Res* Largo Res Lasalle Explor* Lasalle Explor Latin Metals Latin Metals* Laurion Mnl Ex Laurion Mnl Ex* Leading Edge Leading Edge* Leeta Gold Legion Metals Leo Res* Leocor Gold Leocor Gold* Leopard Lake Leviathan Gold Leviathan Gold* Libero Copper Libero Copper* Liberty Gold* Liberty One Li Liberty One Li* Lida Resources* Lido Minerals Lightspeed Dis Lincoln Mng Linux Gold * Lion One Mtls Lion One Mtls* Lithium Amer Lithium Amer* Lithium Chile Lithium Chile* Lithium Corp* Lithium Energi Lithium Energi* Lithium South* Lithoquest Res* Lithoquest Res LKA Gold* Lode-Star Mg* Logan Res Lomiko Mtls Lomiko Mtls* Loncor Res* Loncor Res Lone Star Gold* Los Andes* Los Andes Lovitt Res* Lovitt Res Lucara Diam Lucky Min* Lucky Min Luckystrike * Luckystrike Lumina Gold* Lumina Gold Luminex Res Lundin Gold Lundin Mng* Lundin Mng Lupaka Gold * Lupaka Gold Lynas Corp* Lynas Corp*

O V O O T O V T O D T O V V O V O V O V C O C O C V O V O O V O O C V V O V O T N V O O V O O O V O O V V O O T O O V O V T O V O V O V V T O T O V O O

653 1413 487 47 1845 8993 108 2924 4323 489 484 88 883 106 0 602 104 1125 792 9834 647 0 239 91 97 457 73 511 179 753 46 54 3 320 0 57 388 684 378 5254 30456 1723 1038 2533 171 63 818 25 21 5 2 0 585 335 6 102 9 3 22 0 0 647 47 1162 28 76 176 874 174 717 344 11099 18 79 438 298

0.91 1.13 0.14 29.64 36.79 0.46 0.58 0.99 0.01 11.61 14.37 0.11 0.14 0.14 0.00 0.51 0.40 0.33 0.27 3.95 0.24 0.00 0.55 0.44 0.16 0.28 0.21 0.49 0.39 0.90 0.44 0.50 0.48 0.26 0.00 0.16 0.00 1.15 0.95 32.25 26.07 0.52 0.42 0.35 0.15 0.12 0.44 0.08 0.12 0.00 0.09 0.00 0.11 0.09 0.59 0.72 0.78 6.35 9.01 0.00 0.00 0.64 0.07 0.08 0.43 0.51 0.48 0.60 0.57 11.55 8.96 10.93 0.04 0.05 5.28 5.19

Macarthur Min Macarthur Min* MacDonald Mns MacDonald Mns* Madeira Mrnls Madoro Metals* Madoro Metals MAG Silver Magellan Gold* Magna Gold Magna Gold* Magna Mining Magna Terra* Magna Terra Magnum Goldco Majestic Gold Majestic Gold* Major Precious* Major Precious Makara Mining* Makara Mining Makena Res* Mako Mining* Mako Mining Mammoth Res * Mammoth Res Mandalay Res Mandalay Res* Manganese X* Manganese X Mangazeya Mng Mangazeya Mng* Manitou Gold * Manitou Gold Manning Vent Mantaro Silver Mantaro Silver* Maple Gold* Maple Gold Marathon Gold* Marathon Gold Margaret Lake Margaret Lake* Marimaca Cop* Marimaca Cop Maritime Res Martina Mnls MartinMarietta* Marvel Discov* Marvel Discov Mas Gold Mascota Res* Masivo Silver Masivo Silver* Mason Graphite Mason Graphite*

V O V O V O V T O V O V O V V V O O C O C O O V O V T O O V V O O V C V O O V O T V O O T V V N O V V O V O V O

318 241 1259 649 0 20 285 1021 19 219 142 346 1 141 411 178 99 68 147 79 45 101 635 1612 0 309 346 174 331 760 23 20 172 1109 210 336 47 841 888 312 1858 934 6 19 191 1984 0 1256 329 1470 360 0 501 50 389 168

0.42 0.36 0.04 0.03 0.00 0.07 0.10 22.19 1.06 0.83 0.69 0.40 0.10 0.12 0.10 0.06 0.05 0.27 0.35 0.12 0.13 0.50 0.33 0.40 0.00 0.15 2.67 2.17 0.24 0.28 0.08 0.05 0.05 0.07 0.14 0.23 0.18 0.28 0.34 2.55 3.14 0.04 0.03 3.58 4.49 0.15 0.00 368.06 0.09 0.12 0.12 3.15 0.10 0.06 0.48 0.41

Low

Last

21

12-month Change

0.00 0.33 0.12 0.15 + 0.00 0.54 + 2.88 3.41 + 0.00 0.00 0.10 0.10 0.00 0.13 0.70 0.76 + 0.00 0.02 unch 0.00 0.16 + 0.12 0.12 + 0.07 0.09 unch 0.00 0.12 0.13 0.13 + 0.10 0.11 + 0.04 0.06 + 0.06 0.07 + 0.37 0.38 0.44 0.48 + 0.06 0.06 0.07 0.07 unch 0.00 0.12 0.00 0.15 unch 0.12 0.12 unch 7.03 7.57 + 5.61 6.11 + 0.00 0.17 + 0.00 0.95 unch 0.00 0.61 unch 53.21 56.91 + 42.68 45.98 + 0.00 0.18 0.13 0.14 0.00 0.05 + 0.05 0.06 + 1.02 1.12 + 0.35 0.43 + 0.45 0.55 + 0.20 0.22 + 0.15 0.18 + 0.02 0.03 + 0.37 0.44 + 0.29 0.36 + 0.58 0.78 + 1.03 1.31 + 0.83 1.06 + 0.04 0.04 unch 0.03 0.03 -

High Low

0.16 0.03 0.04 0.48 0.00 0.01 0.01 0.04 0.00 0.01 0.00 0.00 0.01 0.01 0.00 0.01 0.01 2.00 0.02 0.01 0.00 0.02 0.00 0.00 0.49 0.44 0.01 0.00 0.00 2.84 2.62 0.01 0.01 0.01 0.01 0.12 0.08 0.10 0.01 0.01 0.01 0.05 0.04 0.20 0.22 0.17 0.00 0.01

0.50 0.31 0.94 3.88 0.02 0.17 0.50 1.75 0.06 0.40 0.29 0.24 0.60 0.39 0.29 0.09 0.12 2.38 0.80 0.18 0.24 0.28 0.24 0.16 12.38 9.42 0.24 0.98 0.75 67.99 51.78 0.27 0.22 0.26 0.34 2.10 0.47 0.61 0.46 0.40 0.35 2.01 1.55 4.09 3.13 2.47 0.05 0.04

0.10 0.12 0.32 2.25 0.00 0.10 0.13 0.65 0.02 0.10 0.10 0.06 0.12 0.12 0.09 0.03 0.04 0.33 0.40 0.05 0.06 0.05 0.14 0.11 6.56 5.18 0.07 0.13 0.01 40.07 31.72 0.17 0.13 0.00 0.05 0.80 0.18 0.23 0.17 0.12 0.02 0.35 0.28 0.13 0.88 0.83 0.01 0.00

+ + + + + + + + + + + unch + unch + + + + + + unch + + + + + + + + + unch + unch + + + + + + + + unch + unch unch unch unch + + + + unch + unch unch unch + + + + + unch unch + +

0.06 0.05 0.01 0.80 0.94 0.04 0.01 0.23 0.00 1.31 1.50 0.00 0.01 0.02 0.00 0.04 0.02 0.05 0.04 0.25 0.01 0.00 0.08 0.02 0.02 0.07 0.05 0.09 0.08 0.06 0.03 0.03 0.06 0.04 0.00 0.01 0.00 0.02 0.03 5.79 4.83 0.03 0.03 0.05 0.01 0.01 0.05 0.00 0.01 0.00 0.00 0.00 0.00 0.01 0.07 0.07 0.01 0.00 0.66 0.00 0.00 0.00 0.00 0.01 0.01 0.04 0.01 0.01 0.01 1.08 1.20 1.42 0.00 0.00 0.37 0.41

1.50 1.85 0.95 42.40 50.45 0.50 0.89 1.03 0.09 18.71 22.96 0.18 0.23 0.24 0.18 0.75 0.61 0.45 0.35 7.25 0.42 0.50 1.00 1.47 0.16 0.99 0.65 0.89 0.73 1.63 0.90 1.00 1.70 0.41 0.35 0.25 0.05 1.84 1.45 36.60 28.75 1.15 0.89 1.22 0.33 0.26 0.92 0.11 0.15 0.19 0.28 0.37 0.28 0.22 0.97 1.16 4.20 8.55 11.11 0.27 0.60 1.00 0.54 0.15 0.80 0.66 0.79 1.00 0.94 12.93 13.11 16.07 0.07 0.08 5.80 5.83

0.24 0.30 0.01 18.13 23.47 0.04 0.53 0.21 0.00 9.72 8.90 0.09 0.11 0.10 0.08 0.18 0.14 0.16 0.12 0.40 0.17 0.00 0.35 0.28 0.12 0.15 0.11 0.34 0.27 0.68 0.33 0.01 0.26 0.17 0.11 0.11 0.00 1.00 0.77 11.40 8.95 0.13 0.09 0.15 0.07 0.05 0.17 0.04 0.05 0.00 0.05 0.14 0.04 0.03 0.38 0.50 0.60 4.39 4.50 0.12 0.09 0.45 0.04 0.06 0.18 0.28 0.42 0.55 0.51 9.11 5.49 7.54 0.00 0.04 1.79 1.87

0.00 0.41 0.31 0.34 + 0.04 0.04 unch 0.03 0.03 0.00 0.03 unch 0.07 0.07 unch 0.00 0.07 19.98 21.81 + 0.85 0.98 0.74 0.83 + 0.59 0.66 + 0.00 0.40 + 0.10 0.10 unch 0.00 0.12 unch 0.08 0.08 0.06 0.06 unch 0.00 0.05 0.00 0.26 + 0.33 0.34 unch 0.10 0.10 0.00 0.13 0.42 0.44 0.26 0.31 + 0.33 0.38 + 0.00 0.12 unch 0.11 0.15 + 1.95 2.43 + 1.65 1.97 + 0.20 0.22 + 0.25 0.28 + 0.00 0.08 + 0.00 0.05 unch 0.05 0.05 unch 0.06 0.07 + 0.12 0.14 + 0.20 0.21 + 0.18 0.18 unch 0.24 0.28 + 0.31 0.34 + 2.35 2.42 2.93 3.02 0.03 0.04 unch 0.03 0.03 3.06 3.50 + 3.67 4.39 + 0.13 0.14 + 0.00 0.07 unch 343.72 365.77 + 0.08 0.08 0.10 0.10 0.00 0.12 unch 0.00 3.15 unch 0.00 0.09 + 0.06 0.06 unch 0.42 0.43 0.34 0.35 -

0.01 0.01 0.00 0.00 0.00 0.00 0.03 1.54 0.02 0.08 0.05 0.05 0.00 0.00 0.03 0.00 0.00 0.01 0.00 0.01 0.01 0.01 0.05 0.05 0.00 0.01 0.47 0.39 0.01 0.01 0.01 0.00 0.00 0.01 0.02 0.01 0.00 0.00 0.01 0.02 0.01 0.00 0.00 0.44 0.62 0.01 0.00 7.97 0.02 0.02 0.00 0.00 0.02 0.00 0.05 0.03

0.70 0.54 0.12 0.09

0.38 0.30 0.04 0.03

L 0.78 0.97 0.10 28.18 34.86 0.38 0.53 0.70 0.01 10.15 12.18 0.11 0.12 0.00 0.00 0.47 0.38 0.27 0.22 3.48 0.23 0.00 0.47 0.29 0.13 0.18 0.14 0.35 0.29 0.80 0.36 0.13 0.00 0.22 0.00 0.15 0.00 1.07 0.86 25.66 21.00 0.47 0.35 0.28 0.11 0.10 0.29 0.08 0.00 0.00 0.06 0.00 0.10 0.07 0.00 0.63 0.00 6.35 8.20 0.00 0.00 0.60 0.06 0.08 0.40 0.46 0.44 0.55 0.54 9.97 7.50 9.35 0.03 0.00 4.73 4.63

0.85 1.04 0.12 29.12 36.21 0.45 0.55 0.94 0.01 11.44 14.14 0.11 0.14 0.13 0.11 0.51 0.40 0.33 0.26 3.88 0.24 0.03 0.55 0.41 0.14 0.25 0.20 0.48 0.39 0.88 0.39 0.31 0.41 0.23 0.11 0.16 0.00 1.10 0.89 31.46 25.43 0.50 0.41 0.35 0.13 0.10 0.38 0.08 0.12 0.00 0.06 0.30 0.10 0.09 0.59 0.70 0.64 6.35 9.00 0.12 0.19 0.63 0.07 0.08 0.40 0.47 0.47 0.58 0.55 11.27 8.71 10.78 0.04 0.05 5.13 5.16

M

0.14 0.18 31.21 1.40 1.31 1.07 0.65 0.17 0.25 0.18 0.07 0.07 2.00 0.76 0.90 1.17 1.75 0.39 0.44 0.39 0.21 3.68 3.00 0.82 1.04 0.10 0.09 0.10 0.13 0.72 0.57 0.50 0.42 0.56 3.00 3.73 0.13 0.09 4.55 5.85 0.24 0.18 391.76 0.20 0.22 0.25 3.25 0.25 0.12 1.19 0.94

0.05 0.08 17.88 0.75 0.73 0.57 0.30 0.09 0.10 0.04 0.05 0.03 0.15 0.13 0.08 0.10 0.37 0.19 0.25 0.00 0.05 1.17 0.74 0.13 0.17 0.07 0.04 0.03 0.05 0.12 0.20 0.17 0.18 0.24 0.65 2.12 0.03 0.02 2.36 2.75 0.12 0.05 239.70 0.04 0.05 0.06 1.40 0.03 0.01 0.22 0.16

22

WWW.NORTHERNMINER.COM

OCTOBER 25–NOVEMBER 7, 2021 / THE NORTHERN MINER

ST O C K TA B L E S (100s) Stock

Exc Volume

Week High

Matachewan Con Matica Ent Matmown* Maverix Metals Maverix Metals* Mawson Res* Mawson Res MAX Res MaxTech Vent* MaxTech Vent Maxwell Res* Mayfair Gold* Mayfair Gold Mazarin McChip Res McEwen Mng* McEwen Mng McLaren Res MDN Inc* Mechel* Medallion Res* Medallion Res Medaro Mining Medaro Mining* Medgold Res* Medgold Res Medinah Mnrls* Mega Copper Mega Uranium* Mega Uranium MegaWatt Lith MegaWatt Lith* MegumaGold* MegumaGold Melkior Res Melkior Res* Meridian Mg Meridian Mg * Meryllion Res* Meryllion Res MetalCorp Metalex Vent Metallic Mnrls Metallic Mnrls* Metallica Met* Metallica Met Metallica Min* Metallis Res Metallum Res Metalo Manuf Metalore Res Metals Creek* Metals Creek Metals X* Metron Capital Mexican Gold* MGX Minerals MGX Minerals* Midasco Cap Midland Expl Midnight Star Midnight Sun* Midnight Sun Millbank Mg MillenMin Vent Millennial Lit* Millennial Lit Millennial Pr* Millennial Pr Millennium Sil Millrock Res* Millrock Res Milner Con Slv Minaurum Gold Minaurum Gold* Minco Silver* Minco Silver Minera Alamos * Minera Alamos Minera IRL Minera IRL* Mineral Hill Mineral Mtn* Mineral Mtn Mineral Res* MineralRite* Mineworx Tech* Mineworx Tech Minfocus Expl Mining Global* Minnova Corp Minsud Res Mirasol Res Mistango River Mkango Res ML Gold* ML Gold Corp Monarca Mnrls* Monarca Mnrls Monarch Min* Monarch Mining Moneta Porcpn Moneta Porcpn* Monitor Vent* Monitor Vent Montage Gold Montage Gold* Montego Res Monterey Min Montero Mg&Ex * Montero Mg&Ex Monument Mng Monument Mng* Monumental Gld Morien Res* Morien Res Mosaic* Mosaic Min Mount Gibson * Mountain Boy Mountain Boy* Mountain Prov* Mountain Prov MPV Explor Mundoro Cap* Mundoro Cap Murchison Min* Murchison Min Musgrave Min* Musk Metals Musk Metals*

V 42 C 1997 O 50 T 128 X 760 O 155 T 521 V 816 O 112 C 1141 O 0 O 18 V 522 V 0 V 0 N 13781 T 895 C 262 O 47 N 1240 O 299 V 528 C 113 O 96 O 690 V 566 O 180065 V 0 O 1809 T 5668 C 545 O 148 O 97 C 343 V 54 O 12 V 2369 O 228 O 0 C 214 V 0 V 454 V 641 O 587 O 49 C 30 O 31 V 188 V 73 C 23 V 0 O 307 V 435 O 213 V 361 O 107 C 1131 O 717 V 0 V 332 C 621 O 70 V 166 V 3 V 0 O 230 V 5547 O 78 V 3011 V 1 O 329 V 444 V 0 V 1371 O 1341 O 2 T 63 O 2411 V 1654 C 139 O 1 V 13 O 89 V 642 O 10 O 8510 O 123 V 805 V 0 O 1952 V 115 V 101 V 36 C 966 V 3 O 30 V 81 O 327 V 568 O 99 T 516 T 124 O 91 O 0 V 2 V 251 O 40 C 30 C 51 O 100 V 654 V 510 O 28 V 0 O 783 V 1159 N 24314 C 112 O 10 V 627 O 224 O 41 T 215 C 342 O 82 V 548 O 0 V 2393 O 5 C 953 O 131

0.23 0.03 0.01 6.23 5.05 0.15 0.18 0.21 0.04 0.05 0.00 0.48 0.65 0.00 0.00 1.22 1.50 0.06 0.45 4.59 0.12 0.18 0.62 0.51 0.03 0.04 0.00 0.00 0.28 0.35 0.20 0.17 0.05 0.06 0.33 0.26 0.96 0.82 0.00 0.08 0.00 0.04 0.40 0.34 0.15 0.19 0.02 0.28 0.09 0.69 0.00 0.12 0.14 0.31 0.32 0.05 0.06 0.04 0.00 0.62 0.36 0.26 0.30 0.42 0.00 2.95 3.68 0.35 0.48 0.02 0.05 0.06 0.00 0.45 0.35 0.33 0.43 0.50 0.60 0.09 0.08 0.25 0.11 0.15 33.43 0.00 0.08 0.09 0.00 0.00 0.15 0.29 0.36 0.10 0.46 0.08 0.10 0.09 0.10 0.70 0.84 1.83 1.47 0.07 0.14 0.72 0.63 0.02 0.54 0.09 0.12 0.15 0.12 0.00 0.50 0.56 42.22 0.12 0.37 0.18 0.14 0.39 0.50 0.30 0.16 0.20 0.00 0.10 0.22 0.09 0.10

NA Frac Sand* NACCO Ind* Namibia Crit Namibia Crit* Napier Vent* Natural Res Pt* Nautilus Mnrls* Navis Res Corp* NEO Battery NEO Battery* Neo Lithium Neometals* Network Expl Network Expl* Nevada Canyon* Nevada Copper Nevada Copper* Nevada Expl Nevada Expl * Nevada King* Nevada King Nevada Lithium Nevada Silver Nevada Sunrise Nevada Sunrise* Nevada Zinc Nevado Res NevGold* NevGold New Age Metals New Age Metals* New Destiny Mg New Energy Met* New Energy Met New Found Gold New Gold* New Gold New Jersey Mng* New Klondike* New Pac Metals New Pac Metals* New Placer New Placer* New Stratus New Target Mng

O N V O O N O O V O V O V O O T O V O O V C V V O V V O V V O V O V V X T O O T X V O V V

0.01 44.00 0.27 0.40 0.00 27.73 0.01 1.80 0.54 0.47 6.30 0.72 0.45 0.39 1.05 1.22 0.99 0.11 0.09 0.32 0.36 0.64 0.32 0.07 0.06 0.12 0.12 0.38 0.41 0.14 0.11 0.05 0.05 0.07 9.86 1.42 1.75 0.34 0.00 4.62 3.74 0.10 0.07 0.40 0.19

Low

Last

12-month Change

0.00 0.21 0.02 0.02 0.01 0.01 unch 5.63 6.16 + 4.51 5.00 + 0.12 0.14 0.17 0.18 unch 0.17 0.21 + 0.03 0.04 0.04 0.05 0.00 0.08 unch 0.47 0.48 0.57 0.62 + 0.00 0.09 unch 0.00 0.86 unch 1.06 1.16 + 1.33 1.42 + 0.05 0.06 unch 0.25 0.43 + 4.30 4.49 + 0.11 0.12 + 0.14 0.15 0.50 0.56 + 0.32 0.46 + 0.00 0.03 + 0.00 0.04 + 0.00 0.00 + 0.00 0.14 unch 0.22 0.26 + 0.28 0.33 + 0.15 0.19 + 0.12 0.16 + 0.04 0.04 + 0.05 0.05 0.30 0.30 0.24 0.24 0.71 0.93 + 0.56 0.75 + 0.00 0.07 unch 0.00 0.08 0.00 0.05 unch 0.00 0.04 unch 0.32 0.40 + 0.26 0.32 + 0.00 0.13 0.00 0.16 + 0.02 0.02 0.25 0.25 0.00 0.08 + 0.59 0.69 + 0.00 2.36 unch 0.10 0.11 + 0.12 0.13 + 0.25 0.30 + 0.25 0.25 0.04 0.05 + 0.04 0.05 + 0.03 0.04 + 0.00 0.12 unch 0.53 0.54 0.31 0.34 + 0.24 0.25 + 0.00 0.28 0.00 0.42 0.00 0.05 unch 2.87 2.93 + 3.54 3.64 0.28 0.33 + 0.36 0.41 + 0.00 0.02 unch 0.04 0.04 + 0.05 0.06 + 0.00 0.08 unch 0.35 0.40 + 0.27 0.33 + 0.00 0.33 + 0.00 0.40 0.42 0.48 + 0.51 0.59 + 0.08 0.09 + 0.08 0.08 unch 0.00 0.25 unch 0.11 0.11 + 0.13 0.14 31.61 32.17 + 0.00 0.00 0.00 0.07 + 0.00 0.09 + 0.00 0.17 unch 0.00 0.00 0.13 0.15 + 0.00 0.18 + 0.00 0.36 + 0.08 0.09 + 0.00 0.46 unch 0.08 0.08 unch 0.00 0.09 0.07 0.08 + 0.09 0.10 unch 0.59 0.60 0.74 0.74 1.67 1.78 + 1.36 1.44 + 0.00 0.07 0.00 0.14 unch 0.65 0.68 0.00 0.63 + 0.00 0.02 unch 0.33 0.48 + 0.05 0.09 + 0.11 0.11 + 0.14 0.14 0.11 0.11 0.00 0.37 unch 0.29 0.30 0.36 0.39 40.68 41.47 + 0.10 0.10 0.37 0.37 unch 0.15 0.16 0.12 0.12 0.36 0.37 0.43 0.47 + 0.25 0.28 + 0.15 0.16 + 0.19 0.20 unch 0.00 0.07 unch 0.08 0.10 + 0.22 0.22 unch 0.06 0.09 + 0.05 0.07 +

High Low

0.03 0.00 0.00 0.47 0.43 0.00 0.00 0.04 0.00 0.01 0.00 0.00 0.02 0.00 0.00 0.07 0.06 0.00 0.16 0.38 0.00 0.01 0.03 0.03 0.00 0.01 0.00 0.00 0.03 0.05 0.01 0.02 0.00 0.01 0.02 0.02 0.20 0.18 0.00 0.01 0.00 0.00 0.06 0.05 0.01 0.02 0.00 0.02 0.01 0.08 0.00 0.00 0.01 0.04 0.04 0.01 0.01 0.01 0.00 0.08 0.01 0.01 0.02 0.08 0.00 0.02 0.01 0.06 0.05 0.00 0.00 0.01 0.00 0.05 0.05 0.03 0.02 0.06 0.08 0.01 0.00 0.00 0.00 0.01 0.01 0.00 0.00 0.01 0.00 0.00 0.02 0.01 0.02 0.01 0.00 0.00 0.01 0.00 0.00 0.07 0.09 0.08 0.08 0.05 0.00 0.02 0.09 0.00 0.14 0.00 0.01 0.01 0.01 0.00 0.12 0.14 1.07 0.03 0.00 0.01 0.00 0.02 0.01 0.01 0.00 0.00 0.00 0.02 0.00 0.03 0.01

0.27 0.09 0.10 7.75 6.40 0.39 0.52 0.55 0.07 0.10 1.26 1.63 2.15 0.20 1.45 1.71 2.07 0.10 2.00 5.19 0.59 0.75 1.43 1.81 0.08 0.11 0.01 0.28 0.34 0.42 1.17 0.90 0.11 0.15 1.03 0.82 0.96 0.82 0.12 0.17 0.11 0.13 0.88 0.71 0.45 0.57 0.04 0.57 0.20 0.69 3.50 0.20 0.21 0.31 0.59 0.13 0.11 0.09 0.15 1.02 0.71 0.40 0.42 0.60

0.13 0.02 0.00 5.27 4.21 0.12 0.15 0.14 0.03 0.04 0.01 0.40 0.49 0.05 0.43 0.90 1.15 0.05 0.25 1.29 0.10 0.14 0.45 0.32 0.02 0.03 0.00 0.11 0.08 0.11 0.15 0.12 0.04 0.05 0.24 0.22 0.11 0.14 0.00 0.05 0.03 0.03 0.32 0.25 0.09 0.12 0.01 0.23 0.07 0.08 2.20 0.03 0.05 0.05 0.19 0.04 0.04 0.03 0.07 0.53 0.12 0.00 0.18 0.40

4.16 5.25 0.38 0.74 0.04 0.12 0.15 0.20 0.69 0.54 0.52 0.65 0.63 0.78 0.25 0.17 0.30 0.25 0.32 44.65 0.00 0.08 0.18 0.48 0.00 0.49 0.30 0.69 0.41 0.59 0.12 0.15 0.17 0.23 0.90 1.31 2.85 1.84 0.37 0.43 1.27 0.85 0.04 5.60 0.86 0.95 0.21 0.16 0.65 0.51 0.64 42.22 0.19 0.74 0.51 0.41 0.64 0.82 1.35 0.27 0.35 0.09 0.11 0.38 0.17 0.12

1.00 1.42 0.27 0.30 0.01 0.04 0.05 0.07 0.23 0.17 0.24 0.30 0.38 0.48 0.08 0.06 0.13 0.10 0.13 18.30 0.00 0.04 0.05 0.16 0.00 0.13 0.04 0.31 0.07 0.11 0.06 0.09 0.04 0.05 0.52 0.59 0.69 1.25 0.07 0.10 0.60 0.47 0.01 0.21 0.05 0.07 0.08 0.00 0.28 0.10 0.14 16.01 0.05 0.37 0.16 0.12 0.25 0.34 0.25 0.11 0.15 0.03 0.06 0.22 0.06 0.00

0.00 4.63 0.02 0.19 0.00 2.00 0.00 0.08 0.07 0.05 0.81 0.10 0.03 0.02 0.01 0.28 0.00 0.00 0.00 0.03 0.05 0.15 0.03 0.01 0.00 0.03 0.01 0.01 0.02 0.02 0.02 0.00 0.02 0.01 0.86 0.15 0.18 0.00 0.00 0.35 0.32 0.01 0.00 0.03 0.00

0.02 41.38 0.43 0.40 0.08 27.73 0.04 5.00 1.31 1.21 6.28 0.71 2.05 1.62 1.25 3.15 0.99 0.22 0.17 1.50 0.84 0.62 0.53 0.25 0.19 0.18 0.19 0.50 0.65 0.24 0.19 0.11 0.17 0.12 13.50 2.40 3.05 0.60 0.00 9.02 5.84 0.38 0.29 0.55 0.28

0.00 18.80 0.19 0.14 0.00 11.67 0.00 1.05 0.08 0.00 0.92 0.05 0.28 0.18 0.11 0.49 0.39 0.10 0.08 0.23 0.30 0.30 0.22 0.05 0.04 0.05 0.10 0.21 0.20 0.06 0.04 0.05 0.04 0.07 2.66 1.01 1.29 0.22 0.00 3.58 2.83 0.08 0.06 0.19 0.15

N-O 4980 166 560 631 0 143 371 6 3890 345 19594 43 52 38 12 10208 255 259 114 752 1875 1626 148 684 345 285 1 47 256 4238 741 92 29 28 942 37902 8471 389 1 333 391 1014 97 147 60

0.01 0.01 33.87 38.45 + 0.24 0.26 + 0.17 0.21 0.00 0.01 unch 25.41 27.25 + 0.00 0.00 + 1.45 1.57 + 0.42 0.45 0.34 0.36 5.36 6.30 + 0.62 0.72 + 0.41 0.42 0.34 0.34 0.60 0.61 + 0.78 1.07 + 0.84 0.86 unch 0.10 0.10 unch 0.00 0.08 0.24 0.26 0.30 0.30 0.35 0.50 + 0.28 0.30 + 0.06 0.07 0.04 0.06 + 0.00 0.12 + 0.00 0.12 + 0.30 0.32 + 0.39 0.39 0.11 0.13 + 0.07 0.10 + 0.00 0.05 unch 0.04 0.05 0.00 0.07 7.88 8.82 + 1.19 1.37 + 1.47 1.69 + 0.30 0.32 0.00 0.00 unch 3.70 4.37 + 3.15 3.52 + 0.09 0.09 + 0.07 0.07 + 0.00 0.38 + 0.00 0.15 unch

(100s) Stock

Exc Volume

New Tech Min* New Tech Min New World Res* Newcore Gold Newcore Gold* Newcrest Mg Newcrest Mg* Newlox Gold Newmac Res Newmont Corp Newmont Corp* Neworigin Gold Newport Expl Newport Gold* NewRange Gold* NewRange Gold Nexa Resources Nexa Resources* Nexgen Energy Nexgen Energy* NextSource Mat Nexus Gold* Nexus Gold Nfld Discovery* Nfld Discovery NGEx Minerals* NGEx Minerals Nickel 28 Nickel 28* Nickel Creek Nickel Creek* Nickel North Nickel Rock* Nickel Rock Nicola Mg Inc Nicola Mg Inc* Nighthawk Gold* Nighthawk Gold Niobay Metals Niocan Inc Niocorp Dev Niocorp Dev* Nippon Dragon Nobel Res Nobel Res* Noble Metal * Noble Metal Noble Mineral Noble Mineral* Noka Res* Noram Vent Noram Vent* Noranda Alum* Norilsk Nickel* Noront Res* Noront Res Norra Metals Norrland Gold Norse Gold Norseman Silv Norsemont Cap* Norsemont Cap Nortec Mnls* Nortec Mnls North Am Nickl North Am Nickl* North Arrow Mn* North Arrow Mn North Bay Res * North Peak Res North Peak Res* North Springs* Northcliff Res Northern Light Northern Light* Northern Uran Northisle C&G Northisle C&G * Northstar Gold Northstar Gold* Northwest Cop* Northwest Cop Norvista Cap NorZinc NorZinc* Nouveau Monde Nouveau Monde* NovaGold Res NovaGold Res* Novo Res NovX21* NQ Minerals Pl* Nrthn Graphite Nrthn Graphite* Nrthn Lion Nrthn Mnrls &E* Nrthn Shield Nrthn Superior Nrthn Superior* NSGold NSJ Gold NSS Res Inc Nthn Dynasty* Nthn Dynasty Nubian Res Nubian Res* Nuinsco Res* Nuinsco Res NuLegacy Gold* NuLegacy Gold Nutrien* Nutrien NV Gold* NV Gold O2Gold O3 Mining OceanaGold* OceanaGold Oceanic Iron O Oceanus Res* Oceanus Res Odyssey Res Olivut Res* Olivut Res Omai Gold Omai Gold* Omineca Mining* Omineca Mining One World Lith* One World Lith Opawica Expl Opawica Expl* Ophir Gold Ophir Gold* Optimum Vent Optimus Gold Opus One Gold Orbite Tech* Orca Gold Orca Gold* Ord Mountain Orea Mining* Orea Mining Orefinders Res Orestone Mng Orex Mnrls Orex Mnrls* Orezone Gold* Orezone Gold Orford Mining Origen Res* Origen Res Orla Mining Oroco Res Oroco Res* Orocobre Oronova Energy* Orosur Mng Orsu Metals Orsu Metals* Orvana Mnrls Orvana Mnrls* Osino Res* Osino Res Osisko Dev* Osisko Gold* Osisko Gold Osisko Metals* Osisko Metals Osisko Mng Inc Otso Gold* Otso Gold Outback Gold* Outback Gold Outcrop S&G Outcrop S&G* OZ Minerals*

O 0 C 129 O 14 V 525 O 29 T 4 O 10 C 1079 V 0 T 866 N 33997 V 198 V 984 O 887 O 256 V 1305 T 5 N 1195 T 17245 X 20751 T 1094 O 2809 V 2295 O 178 C 154 O 20 V 2628 V 277 O 67 T 1529 O 929 V 6 O 1595 V 2525 V 625 O 51 O 90 T 469 V 1118 V 20 T 404 O 594 V 0 V 876 O 26 O 169 V 60 V 564 O 115 O 6 V 529 O 91 O 0 O 448 O 169 V 760 V 521 V 1 V 0 V 117 O 83 C 316 O 13 V 594 V 972 O 160 O 8 V 286 O 1687040 V 77 O 27 O 0 T 37 C 652 O 5 V 10251 V 529 O 196 C 210 O 80 O 50 V 748 V 169 T 2339 O 354 V 463 N 856 T 662 X 4177 T 1268 O 100 O 30 V 932 O 753 V 4 O 79 V 1582 V 130 O 224 V 50 C 150 C 154 X 21739 T 959 V 71 O 16 O 1882 C 1575 O 1386 V 2464 N 7549 T 5561 O 349 V 489 V 979 V 447 O 17 T 4782 V 118 O 182 V 815 V 32 O 143 V 8 V 1246 O 42 O 348 V 351 O 393 C 1224 V 52 O 20 V 215 O 70 V 20 V 5 V 105 O 2498 V 281 O 166 V 0 O 4974 T 2984 V 1452 V 521 V 772 O 246 O 630 V 2499 V 75 O 75 C 601 T 2296 V 588 O 424 T 169 O 10 T 89 V 0 O 2 T 310 O 84 O 83 V 361 O 22 N 2339 T 1236 O 162 V 776 T 2568 O 25 V 515 O 73 C 200 V 857 O 366 O 2

(100s) Stock

Exc Volume

Week High

Low

Last

12-month Change

High Low

P-Q

Week

12-month

High

Low

Last

Change

0.00 0.07 2.00 0.54 0.49 23.00 18.19 0.32 0.00 71.63 57.94 0.13 0.47 0.02 0.08 0.10 14.28 11.60 7.74 6.26 3.40 0.03 0.04 0.35 0.45 0.76 1.05 0.99 0.75 0.10 0.08 0.04 0.13 0.16 0.13 0.11 0.75 0.93 0.55 0.12 1.00 0.85 0.00 0.62 0.50 0.02 0.02 0.13 0.10 0.42 0.75 0.61 0.00 32.68 0.68 0.82 0.05 0.12 0.00 0.33 0.51 0.65 0.03 0.02 0.46 0.36 0.06 0.08 0.00 0.49 0.40 0.00 0.05 0.04 0.02 0.06 0.22 0.18 0.26 0.20 0.55 0.63 0.10 0.06 0.05 10.14 8.19 9.70 7.85 1.80 0.00 0.03 0.57 0.46 0.39 0.20 0.06 0.73 0.61 0.27 0.10 0.09 0.47 0.58 0.27 0.23 0.02 0.02 0.05 0.06 72.21 89.67 0.11 0.13 0.20 2.05 1.88 2.37 0.13 0.43 0.56 0.04 0.04 0.05 0.10 0.08 0.14 0.17 0.08 0.10 0.32 0.25 0.17 0.13 0.64 0.30 0.05 0.01 0.47 0.37 0.00 0.20 0.24 0.08 0.07 0.13 0.10 0.99 1.18 0.22 0.29 0.37 4.46 2.94 2.37 8.04 0.05 0.29 0.00 0.20 0.36 0.28 0.95 1.18 4.61 12.40 15.36 0.36 0.45 2.72 0.07 0.08 0.22 0.28 0.21 0.17 17.18

0.00 0.06 0.00 0.49 0.40 21.50 17.27 0.28 0.00 67.36 54.01 0.00 0.44 0.02 0.06 0.08 0.00 9.23 6.00 4.83 2.59 0.03 0.03 0.28 0.35 0.00 0.75 0.91 0.65 0.08 0.06 0.00 0.09 0.11 0.11 0.09 0.61 0.78 0.33 0.11 0.94 0.72 0.00 0.51 0.44 0.01 0.00 0.10 0.08 0.00 0.70 0.57 0.00 31.37 0.00 0.78 0.04 0.00 0.00 0.00 0.43 0.56 0.03 0.00 0.38 0.30 0.06 0.07 0.00 0.00 0.00 0.00 0.00 0.03 0.02 0.04 0.18 0.14 0.23 0.19 0.40 0.50 0.00 0.05 0.03 7.31 5.94 8.91 7.14 1.60 0.00 0.03 0.48 0.36 0.00 0.16 0.00 0.64 0.52 0.00 0.10 0.08 0.43 0.53 0.25 0.20 0.01 0.02 0.04 0.05 69.80 87.00 0.09 0.12 0.18 1.95 1.63 2.16 0.00 0.35 0.43 0.00 0.03 0.00 0.09 0.01 0.12 0.14 0.06 0.07 0.29 0.22 0.15 0.11 0.00 0.00 0.00 0.00 0.42 0.34 0.00 0.15 0.16 0.06 0.00 0.08 0.00 0.77 1.01 0.00 0.20 0.31 3.71 2.38 1.91 7.40 0.05 0.25 0.00 0.20 0.32 0.25 0.90 1.10 4.21 11.52 14.39 0.30 0.37 2.50 0.06 0.07 0.22 0.26 0.18 0.15 16.50

0.04 unch 0.06 1.90 0.49 0.40 22.40 + 18.19 + 0.29 0.29 unch 70.54 + 57.03 + 0.13 + 0.46 + 0.02 0.08 + 0.09 + 13.43 + 10.89 + 7.44 + 5.99 + 3.30 + 0.03 + 0.04 + 0.33 + 0.42 + 0.76 + 0.91 + 0.97 + 0.75 unch 0.09 + 0.08 + 0.04 unch 0.13 + 0.16 + 0.12 + 0.11 + 0.68 + 0.86 + 0.54 + 0.11 unch 0.96 0.79 + 0.03 unch 0.54 + 0.46 + 0.02 + 0.02 + 0.12 unch 0.09 0.41 0.73 + 0.60 + 0.01 unch 32.52 + 0.66 + 0.82 + 0.05 + 0.12 unch 0.06 unch 0.29 0.51 + 0.64 + 0.03 + 0.02 unch 0.43 + 0.33 + 0.06 0.07 unch 0.00 0.49 + 0.36 + 0.00 unch 0.05 + 0.03 0.02 unch 0.06 + 0.22 + 0.17 + 0.25 0.20 0.47 + 0.63 + 0.09 unch 0.06 + 0.05 + 10.14 + 8.19 + 9.45 + 7.63 + 1.72 0.00 unch 0.03 unch 0.51 + 0.41 + 0.38 0.18 0.05 unch 0.65 0.52 + 0.27 unch 0.10 unch 0.08 unch 0.45 + 0.56 + 0.26 0.20 0.01 0.02 0.04 + 0.05 71.24 + 88.24 + 0.11 + 0.13 unch 0.19 unch 1.99 1.82 + 2.31 + 0.13 unch 0.42 + 0.51 + 0.04 unch 0.03 0.05 0.10 0.08 + 0.12 0.16 unch 0.08 + 0.10 + 0.31 0.25 + 0.16 0.12 0.60 + 0.30 unch 0.05 unch 0.00 unch 0.46 + 0.37 + 0.20 unch 0.16 0.20 0.06 0.07 unch 0.13 + 0.10 + 0.93 + 1.14 + 0.21 + 0.29 + 0.34 + 4.27 + 2.92 + 2.34 + 7.99 + 0.05 unch 0.26 0.22 unch 0.20 + 0.32 0.28 + 0.94 + 1.18 + 4.47 + 12.30 + 15.23 + 0.35 + 0.43 + 2.63 + 0.06 + 0.07 unch 0.22 unch 0.26 0.20 + 0.16 + 17.18 +

0.00 0.01 0.17 0.05 0.02 0.90 0.92 0.02 0.00 2.81 2.72 0.03 0.01 0.00 0.02 0.01 1.18 1.06 1.43 1.18 0.51 0.00 0.01 0.03 0.05 0.14 0.12 0.04 0.00 0.02 0.01 0.00 0.04 0.05 0.01 0.01 0.05 0.06 0.20 0.00 0.01 0.01 0.00 0.01 0.00 0.01 0.01 0.00 0.00 0.01 0.03 0.04 0.00 0.92 0.01 0.01 0.01 0.00 0.00 0.01 0.06 0.06 0.00 0.00 0.02 0.00 0.00 0.00 0.00 0.12 0.02 0.00 0.01 0.01 0.00 0.02 0.04 0.03 0.02 0.00 0.07 0.12 0.00 0.02 0.01 2.70 2.19 0.35 0.32 0.07 0.00 0.00 0.02 0.02 0.05 0.02 0.00 0.01 0.00 0.00 0.00 0.00 0.01 0.02 0.01 0.03 0.00 0.01 0.00 0.01 1.05 0.72 0.00 0.00 0.00 0.01 0.08 0.14 0.00 0.04 0.05 0.00 0.00 0.01 0.01 0.00 0.01 0.00 0.02 0.02 0.01 0.02 0.01 0.00 0.05 0.00 0.00 0.00 0.04 0.03 0.00 0.01 0.02 0.01 0.00 0.05 0.03 0.12 0.13 0.01 0.09 0.03 0.17 0.52 0.43 0.52 0.00 0.01 0.00 0.01 0.01 0.03 0.04 0.06 0.29 0.65 0.71 0.04 0.05 0.07 0.01 0.00 0.00 0.01 0.01 0.01 0.81

High Low 0.10 0.15 4.07 0.92 0.65 31.25 23.61 0.61 0.31 90.94 75.31 0.30 0.60 0.08 0.17 0.22 14.92 12.58 7.81 6.26 5.30 0.08 0.09 0.73 0.95 0.72 0.97 1.14 2.00 0.19 0.15 0.07 0.93 1.18 0.25 0.20 1.17 1.48 1.19 0.28 2.08 1.65 0.06 0.77 0.56 0.02 0.03 0.21 0.17 1.08 1.25 0.99 0.15 38.21 0.68 0.84 0.21 0.39 0.17 0.76 1.28 1.68 0.12 0.06 0.46 0.36 0.10 0.15 0.00 1.03 0.83 0.05 0.10 0.09 0.07 0.09 0.42 0.40 0.45 0.36 0.91 1.06 0.23 0.10 0.08 27.40 17.24 14.98 11.50 3.70 0.04 0.12 0.70 0.55 0.69 0.35 0.10 1.55 1.26 0.43 0.37 0.46 1.18 1.55 0.59 0.46 0.05 0.05 0.17 0.22 72.16 89.67 0.34 0.40 0.38 3.68 2.40 2.74 0.32 0.67 0.79 0.07 0.11 0.11 0.30 0.19 0.38 0.41 0.13 0.16 0.65 0.54 0.31 0.24 0.65 0.35 0.09 0.03 0.93 0.75

0.02 0.05 1.04 0.45 0.36 20.16 16.01 0.11 0.06 66.85 53.03 0.11 0.34 0.00 0.05 0.07 6.98 5.16 2.12 1.61 0.45 0.02 0.03 0.24 0.30 0.38 0.43 0.23 0.17 0.08 0.05 0.03 0.06 0.07 0.09 0.07 0.58 0.73 0.32 0.11 0.69 0.53 0.02 0.31 0.35 0.01 0.01 0.07 0.05 0.32 0.12 0.09 0.01 23.23 0.11 0.15 0.04 0.12 0.05 0.19 0.36 0.45 0.01 0.02 0.14 0.11 0.03 0.05 0.00 0.36 0.25 0.00 0.03 0.03 0.02 0.01 0.16 0.00 0.19 0.12 0.40 0.50 0.07 0.05 0.03 2.65 5.07 8.21 6.48 1.60 0.00 0.00 0.21 0.16 0.30 0.03 0.03 0.49 0.38 0.21 0.10 0.03 0.31 0.39 0.25 0.20 0.00 0.01 0.04 0.05 37.79 49.88 0.09 0.12 0.18 1.91 0.00 1.58 0.13 0.28 0.35 0.04 0.03 0.04 0.09 0.00 0.12 0.14 0.05 0.06 0.12 0.09 0.14 0.11 0.33 0.12 0.03 0.00 0.41 0.32

0.26 0.31 0.19 0.16 0.23 0.18 1.39 1.70 0.27 0.29 0.55 7.30 3.66 3.02 9.17 0.05 0.70 0.37 0.29 0.54 0.39 1.40 1.61 10.10 15.12 18.40 0.42 0.52 4.12 0.09 0.10 1.22 1.55 0.69 0.40 21.04

0.06 0.08 0.05 0.05 0.08 0.06 0.61 0.81 0.13 0.20 0.12 3.71 1.15 0.86 2.28 0.03 0.23 0.20 0.02 0.22 0.18 0.80 1.01 3.94 9.77 12.39 0.27 0.35 2.33 0.03 0.04 0.17 0.21 0.16 0.13 10.36

P2 Gold* O P2 Gold V Pac Arc Res V Pac Bay Mnrls V Pac Bay Mnrls* O Pac Booker Min V Pac Booker Min* O Pac Imperial V Pac Ridge Expl* O Pac Ridge Expl V Pac Wildcat* O Pacific Empire* O Pacific Empire V Pacific Silk V Pacific Silk* O Pacton Gold V Paladin Energy* O Palamina Corp V Palamina Corp* O Palayan Res* O Paleo Resource V Paleo Resource* O Palladium One V Palladium One* O Pampa Metals* O Pampa Metals C Pan Am Silver T Pan Am Silver* D Pan Global Res V Pan Global Res* O Pancontinental* O Pancontinental V Pangolin Dia V Panoro Mnrls* O Panoro Mnrls V Pantera Silver V PanTerra Gold* O Pantheon Vent V Para Resources V Parallel Mng V Paramount Gold* X Parlane Res V Pasinex Res C Pasofino Gold* O Pasofino Gold V Patriot Gold C Patriot Gold* O Peabody Enrgy* N Pegasus Res V Pegasus Res* O Pelangio Expl* O Pelangio Expl V Peloton Mnrls* O Peloton Mnrls C PepinNini Lith* O Perpetua Res T Perpetua Res* D Perseus Mng T Pershimex Res V Pershing Res* O Peruvian Metal* O Peruvian Metal V Petra Diamonds* O Petrolympic* O Petrolympic V Phenom Res V Phenom Res* O Philex Mng* O Philippine Mtl V Phoenix Global* O Phoenix Gold V Phoenix Metals V Pine Cliff En* O Pine Cliff En T Pivit Explor C PJSC Polyus Gd* O PJX Res V Plata Latina V Platinex Inc* O Platinex Inc C Platinum Gp Mt T Platinum Gp Mt* X Plato Gold V Playfair Mng V Playfair Mng* O PNG Copper C PolyMet Mng* X PolyMet Mng T Portofino Res* O Portofino Res V Power Group V Power Group* O Power Metals* O Power Metals V PPX Mining* O Precipitate Gl V Precipitate Gl* O Pretium Res* N Pretium Res T Prime Meridian V Prime Meridia* O Prime Mining* O Prime Mining V Prism Res V Prismo Metals C ProAm Expl V Probe Metals* O Probe Metals V Prog Planet V Project One C Promithian Gl * O Prophecy Pot C Prospect Ridge C Prosper Gold V Prospero Silvr* O Provenance Gld C Providence V Providence Gld* O Pucara Gold V Pucara Gold* O PUF Vent Inc * O Puma Expl* O Puma Expl V Pure Alumina* O Pure Energy* O Pure Energy V Pure Gold Mg* O Pure Gold Mg V Purepoint Uran V Q-Gold Res V QC Copper V QC Copper* O QC Precious * O QC Precious V QcX Gold V QcX Gold* O QMC Quantum Ml* O QMC Quantum Ml V QNB Metals C Quadro Res* O Quadro Res V Quantum Batt C Quantum Batt* O Quartz Mtn Res* O Quartz Mtn Res V Quaterra Res V Quaterra Res* O Quebec Nickel C Quebec Silica C Quest Rare Mnl* O Questex Gold* O Questex Gold V

75 148 0 13 1 5 1 1 48 159 301 9 85 5 0 261 12388 146 49 1496 357 865 945 313 16 435 2140 8332 853 114 251 655 36 434 2879 5 14 2258 187 0 295 0 15 14 116 0 160 30334 3891 345 28 211 3 229 1 149 448 350 250 1035 404 1268 12 132 1 261 203 1 0 4 173 70 140 2029 47 5 89 0 3 1701 512 5073 893 248 34 101 401 5 5563 7405 36 5 245 451 279 542 285 4105 1480 750 92 27 990 9 42 0 49 54 193 115 2 68 80 157 1 704 85 155 107 104 20 111 1141 2 188 86 1390 4066 3685 419 3830 3808 56 416 99 44 283 79 7 71 471 107 4 3 4 226 441 451 468 11 20 356

0.31 0.39 0.00 0.10 0.10 2.48 2.01 0.04 0.12 0.15 0.00 0.04 0.04 0.03 0.00 0.60 0.71 0.36 0.29 0.05 0.04 0.03 0.20 0.17 0.31 0.34 31.72 25.67 0.70 0.55 0.11 0.13 0.02 0.16 0.21 0.16 0.06 0.23 0.42 0.00 0.91 0.00 0.03 0.66 0.85 0.00 0.09 17.90 0.07 0.06 0.12 0.16 0.06 0.09 0.32 6.50 5.22 1.59 0.05 0.04 0.11 0.16 0.03 0.07 0.08 0.53 0.46 0.07 0.00 0.69 0.46 0.32 0.72 0.90 0.18 94.50 0.19 0.00 0.04 0.05 3.20 2.60 0.04 0.20 0.15 0.08 3.46 4.30 0.14 0.17 0.05 0.04 0.18 0.22 0.01 0.10 0.08 11.14 13.79 0.13 0.09 3.66 4.65 0.09 0.35 0.00 1.60 1.98 0.38 0.37 3.50 0.23 1.34 1.58 0.29 0.17 0.08 0.07 0.14 0.11 0.83 0.46 0.57 0.01 1.34 1.63 0.91 1.14 0.16 0.13 0.45 0.36 0.21 0.25 0.11 0.08 0.24 0.30 0.14 0.05 0.09 2.52 1.95 0.22 0.28 0.12 0.09 0.28 0.08 0.01 0.65 0.81

0 394 136 54 34 448 0 20 0 1861 429 1108 1 695 918 58 559 316 0 226 1274 613 117 608 1426 81 125 55 427

0.00 0.25 0.26 0.24 2.88 0.26 0.00 0.20 0.00 2.75 0.04 0.17 0.12 0.05 0.06 0.00 0.59 1.06 0.00 0.07 0.09 0.05 0.00 0.11 0.14 0.55 0.69 0.16 0.62

0.29 0.00 0.00 0.00 0.09 2.25 0.00 0.00 0.00 0.13 0.00 0.03 0.00 0.00 0.00 0.48 0.53 0.29 0.00 0.04 0.02 0.02 0.19 0.16 0.00 0.28 29.70 23.70 0.54 0.41 0.08 0.11 0.00 0.11 0.00 0.00 0.00 0.17 0.38 0.00 0.81 0.00 0.03 0.00 0.75 0.00 0.08 15.51 0.06 0.05 0.00 0.00 0.06 0.07 0.32 5.73 4.58 1.25 0.00 0.03 0.00 0.12 0.03 0.06 0.00 0.48 0.39 0.07 0.00 0.00 0.41 0.00 0.64 0.79 0.14 81.50 0.00 0.00 0.00 0.04 2.61 2.25 0.00 0.17 0.12 0.07 3.20 0.00 0.07 0.08 0.00 0.04 0.15 0.19 0.00 0.08 0.06 10.26 12.78 0.12 0.09 3.05 4.00 0.00 0.30 0.00 1.38 1.84 0.37 0.33 0.00 0.00 1.23 1.21 0.29 0.15 0.00 0.06 0.12 0.00 0.70 0.40 0.49 0.01 1.13 1.42 0.76 0.89 0.12 0.00 0.36 0.29 0.17 0.00 0.00 0.06 0.21 0.29 0.00 0.04 0.06 2.31 0.00 0.09 0.00 0.09 0.07 0.23 0.06 0.01 0.00 0.78

0.31 + 0.38 + 0.14 unch 0.09 0.09 unch 2.48 + 1.95 + 0.04 + 0.11 + 0.14 + 0.00 0.03 0.04 0.03 unch 0.03 unch 0.50 0.60 + 0.33 + 0.29 + 0.04 0.03 + 0.03 + 0.20 + 0.16 + 0.27 + 0.34 + 31.17 + 25.17 + 0.70 + 0.52 + 0.10 + 0.13 + 0.02 unch 0.16 + 0.20 + 0.15 + 0.06 0.18 0.40 + 0.15 unch 0.84 + 0.15 unch 0.03 unch 0.63 0.76 0.10 unch 0.08 unch 15.96 0.07 + 0.06 + 0.12 + 0.16 + 0.06 + 0.08 0.32 unch 6.19 + 4.99 + 1.59 + 0.05 0.03 0.11 unch 0.15 + 0.03 unch 0.06 0.08 0.50 0.40 0.07 unch 0.10 unch 0.69 + 0.41 0.30 0.68 + 0.83 + 0.16 94.50 + 0.18 0.03 unch 0.04 0.05 unch 3.04 + 2.45 + 0.04 unch 0.18 + 0.14 + 0.07 3.39 + 4.20 + 0.12 + 0.15 + 0.05 unch 0.04 unch 0.17 + 0.22 + 0.00 + 0.10 + 0.08 + 11.00 + 13.62 + 0.12 + 0.09 unch 3.54 + 4.33 + 0.09 0.35 unch 0.06 unch 1.54 + 1.90 0.37 0.37 unch 3.00 0.20 1.34 + 1.27 0.29 unch 0.17 + 0.08 unch 0.06 0.13 0.11 + 0.78 0.46 + 0.57 + 0.01 unch 1.30 + 1.57 + 0.78 0.96 0.15 + 0.12 + 0.39 0.32 0.19 + 0.25 + 0.11 + 0.08 + 0.23 + 0.29 0.14 unch 0.05 + 0.08 + 2.48 + 1.95 + 0.09 0.27 0.12 + 0.09 + 0.27 + 0.08 + 0.01 unch 0.65 + 0.80 +

0.02 0.03 0.00 0.05 0.00 0.23 0.18 0.01 0.02 0.01 0.00 0.00 0.01 0.00 0.00 0.05 0.08 0.04 0.04 0.00 0.01 0.01 0.01 0.00 0.03 0.02 1.25 1.18 0.13 0.11 0.02 0.02 0.00 0.04 0.05 0.01 0.00 0.03 0.01 0.00 0.01 0.00 0.00 0.07 0.07 0.00 0.00 0.09 0.01 0.01 0.02 0.05 0.00 0.01 0.00 0.35 0.29 0.25 0.01 0.00 0.00 0.01 0.00 0.00 0.01 0.03 0.01 0.00 0.00 0.01 0.05 0.02 0.02 0.01 0.02 6.16 0.01 0.00 0.01 0.00 0.30 0.26 0.00 0.01 0.00 0.02 0.17 0.15 0.06 0.07 0.00 0.00 0.01 0.02 0.00 0.02 0.01 0.62 0.70 0.01 0.00 0.16 0.32 0.01 0.00 0.00 0.03 0.01 0.02 0.00 0.59 0.02 0.06 0.18 0.00 0.02 0.00 0.00 0.01 0.01 0.01 0.05 0.08 0.00 0.12 0.10 0.02 0.04 0.03 0.02 0.03 0.02 0.01 0.02 0.01 0.02 0.01 0.01 0.00 0.00 0.03 0.17 0.04 0.11 0.04 0.03 0.02 0.04 0.01 0.00 0.02 0.02

0.50 0.65 0.26 0.18 0.10 3.75 3.10 0.08 0.30 0.33 0.01 0.09 0.13 0.06 0.04 1.44 0.80 0.37 0.36 1.09 0.04 0.10 0.40 0.32 1.07 0.72 50.70 39.62 0.84 0.68 0.16 0.20 0.05 0.18 0.23 0.29 0.07 1.02 0.65

0.23 0.30 0.14 0.08 0.08 1.33 1.15 0.03 0.04 0.05 0.00 0.03 0.04 0.02 0.01 0.38 0.08 0.16 0.13 0.03 0.01 0.00 0.11 0.10 0.23 0.27 27.97 22.27 0.35 0.00 0.06 0.08 0.02 0.05 0.09 0.12 0.05 0.05 0.25

1.59 0.84 0.09 2.66 3.08 0.50 0.23 19.83 0.09 0.06 0.17 0.23 0.12 0.15 0.42 14.70 9.45 1.58 0.07 0.10 0.14 0.17 0.03 0.12 0.15 0.85 1.10 0.14 0.12 1.29 0.59 0.55 0.70 0.85 0.42 123.00 0.25 0.06 0.06 0.09 8.00 6.27 0.05 0.30 0.23 0.26 5.41 6.71 0.20 0.23 0.16 0.10 0.35 0.43 0.50 0.31 0.24 13.65 17.92 0.17 0.14 3.71 4.72 0.14 0.62 0.11 1.71 2.15 0.50 0.50 13.50 0.52 1.48 2.40 0.54 0.18 0.20 0.16 0.97 0.85 11.40 0.50 0.64 0.03 2.07 2.63 2.42 3.08 0.20 0.65 0.47 4.12 0.27 0.33 0.26 0.21 0.47 0.60 0.22 0.25 0.21 5.85 5.85 0.29 0.36 0.30 0.25 0.39 0.27 0.06 1.07 1.37

0.76 0.11 0.01 0.14 0.78 0.09 0.03 0.80 0.03 0.02 0.08 0.11 0.06 0.07 0.11 5.73 4.58 0.99 0.04 0.00 0.02 0.04 0.01 0.04 0.04 0.34 0.25 0.06 0.04 0.40 0.15 0.25 0.18 0.21 0.13 80.55 0.10 0.03 0.04 0.04 2.26 1.70 0.03 0.10 0.00 0.07 2.69 3.28 0.05 0.08 0.05 0.03 0.13 0.17 0.00 0.07 0.06 8.29 10.40 0.06 0.05 1.01 1.32 0.04 0.19 0.06 0.99 1.26 0.05 0.18 2.50 0.10 0.20 0.50 0.28 0.07 0.07 0.00 0.12 0.00 0.70 0.11 0.14 0.01 0.06 0.65 0.63 0.81 0.04 0.09 0.10 0.11 0.15 0.20 0.08 0.06 0.14 0.19 0.05 0.04 0.05 0.55 0.14 0.00 0.12 0.06 0.04 0.10 0.05 0.00 0.36 0.47

0.00 0.02 0.02 0.00 0.28 0.09 0.00 0.00 0.00 0.31 0.01 0.01 0.00 0.01 0.01 0.00 0.04 0.12 0.00 0.01 0.01 0.01 0.00 0.00 0.01 0.01 0.01 0.01 0.06

0.50 0.40 0.36 0.40 14.50 0.20 0.15 2.00 0.08 4.13 0.12 0.49 0.15 0.25 0.19 0.01 0.95 1.52 0.37 0.11 0.12 0.13 0.01 0.11 0.14 0.87 1.13 0.25 1.25

0.14 0.21 0.20 0.15 1.57 0.08 0.07 0.00 0.05 0.47 0.02 0.15 0.12 0.00 0.04 0.00 0.30 0.70 0.18 0.03 0.05 0.04 0.00 0.04 0.06 0.46 0.60 0.13 0.44

R Rackla Metals Radisson Mng Radius Gold Raindrop Vent Rainforest Res* Rainy Mtn Royl Rainy Mtn Royl* Rambler Metals* Ranchero Gold Rare Element* Rathdowney Res Ready Set Gold Ready Set Gold* Recharge Res* Recharge Res Red Eagle Mng* Red Pine Expl Regulus Res Remington Res Renforth Res* Renforth Res Resolve Vent Resource Cap* Reunion Gold* Reunion Gold Revival Gold * Revival Gold Rex Res Reyna Silver*

V V V C O V O O V O V C O O V O V V V O C V O O V O V V O

0.00 0.22 0.24 0.22 0.00 0.16 0.00 0.20 0.00 2.15 0.00 0.15 0.12 0.04 0.05 0.00 0.51 0.87 0.00 0.06 0.07 0.00 0.00 0.09 0.12 0.52 0.00 0.00 0.50

0.41 0.24 0.24 0.24 2.36 0.25 0.10 0.20 0.08 2.50 0.04 0.15 0.12 0.05 0.06 0.00 0.53 1.02 0.21 0.07 0.09 0.04 0.00 0.09 0.12 0.53 0.65 0.15 0.61

unch + unch + unch unch unch + + unch + + unch + unch + + + + +

(100s) Stock

Exc Volume

Week

12-month

High

Low

Last

0.63 0.00 0.00 0.40 0.04 0.00 0.23 0.00 0.00 0.04 68.00 68.04 0.00 0.53 0.40 0.00 0.00 0.13 0.10 0.11 0.00 0.38 0.04 0.00 4.24 4.60 0.04 0.06 0.04 0.09 0.00 0.15 0.09 0.00 0.09 0.00 0.00 0.53 0.32 0.40 0.00 0.03 0.00 0.25 0.21 0.26 0.00 0.00 0.06 0.05 0.05 0.03 92.01 0.00 0.26 0.05 0.00 0.00 0.00 0.00 0.00 4.30 3.46 0.00 0.04

+ 0.75 1.00 0.05 unch + 0.45 + 0.04 0.05 unch 0.23 unch + 0.32 0.05 0.04 + 69.38 + 70.43 + 75.20 + 0.64 + 0.52 0.38 + 0.50 + 0.15 + 0.12 0.11 0.13 unch + 0.40 0.04 0.07 unch + 6.96 + 8.65 + 0.05 + 0.08 0.05 unch 0.09 0.11 0.15 unch + 0.11 + 0.20 0.09 unch 0.06 unch + 0.13 + 0.58 + 0.35 + 0.43 0.04 unch + 0.04 0.15 0.25 + 0.22 0.27 unch 0.00 unch 0.26 unch + 0.07 + 0.06 + 0.06 0.03 unch + 98.96 0.00 unch + 0.28 0.05 unch 0.06 unch 0.13 + 0.12 0.02 unch 0.03 unch + 4.90 + 3.90 0.06 unch + 0.05

0.11 0.01 0.00 0.05 0.00 0.00 0.00 0.04 0.01 0.01 0.28 1.96 3.66 0.11 0.09 0.00 0.04 0.01 0.01 0.01 0.00 0.01 0.00 0.00 3.16 3.85 0.00 0.01 0.00 0.02 0.01 0.00 0.02 0.04 0.00 0.00 0.02 0.02 0.03 0.03 0.00 0.00 0.10 0.08 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.00 4.89 0.00 0.01 0.00 0.00 0.01 0.01 0.00 0.00 0.53 0.35 0.00 0.00

1.48 1.70 0.07 0.77 0.18 0.23 0.61 0.74 0.11 0.11 94.42 95.97 108.00 1.03 0.85 0.83 1.00 0.37 0.29 0.26 0.36 0.54 0.13 0.15 7.00 9.00 0.07 0.10 0.09 0.15 0.19 0.29 0.20 0.24 0.14 0.10 0.16 1.93 0.60 0.76 0.07 0.05 0.60 0.60 0.80 0.64 0.00

0.55 0.23 0.04 0.29 0.03 0.05 0.23 0.23 0.05 0.03 55.15 55.39 63.85 0.53 0.40 0.33 0.45 0.13 0.10 0.01 0.13 0.31 0.04 0.05 0.66 0.71 0.04 0.06 0.02 0.02 0.10 0.11 0.09 0.06 0.05 0.06 0.07 0.25 0.18 0.25 0.04 0.02 0.15 0.25 0.11 0.23 0.00

0.13 0.12 0.12 0.07 129.69 0.06 0.42 0.20 0.29 0.23 0.16 0.04 0.06 6.20 5.49 0.14 0.09

0.06 0.04 0.04 0.01 92.01 0.00 0.24 0.04 0.05 0.11 0.07 0.02 0.03 3.44 2.00 0.04 0.03

+ 0.15 + 1.56 + 1.25 0.22 0.17 + 0.02 1.42 + 0.17 + 0.13 + 0.27 + 0.33 0.07 0.16 + 0.13 0.05 unch + 0.00 0.08 unch 0.10 + 0.11 + 0.09 0.16 0.20 + 6.59 + 8.14 0.30 unch + 0.19 0.00 unch + 0.48 + 0.38 + 0.13 0.15 unch + 4.08 0.22 unch + 0.05 + 0.15 + 0.18 0.09 unch + 0.07 + 0.54 + 0.44 0.19 unch + 0.15 0.50 unch + 0.69 + 21.92 + 17.70 0.50 0.50 unch 0.15 unch 0.12 0.05 0.01 0.06 + 0.09 0.12 + 0.08 0.06 0.45 unch 0.28 0.39 + 1.26 0.87 unch + 0.44 + 0.15 + 3.54 + 15.23 + 0.22 + 0.08 + 0.10 + 0.14 0.07 unch 0.39 unch 0.45 + 3.02 + 2.45 + 9.56 + 11.80 + 0.06 + 0.08 0.08 + 0.10 + 0.52 + 0.64 + 0.56 + 0.70 + 0.26 + 0.21 0.02 unch + 0.21 0.36 0.46 + 0.36 + 0.45 0.08 + 0.13 + 0.11 + 0.15 + 0.13 + 0.16 + 0.03 + 0.05 + 0.12 0.14 + 0.38 + 0.46 + 0.30 + 0.24 + 0.34 + 0.27 + 5.05 + 4.09 + 7.54 + 9.32 0.25 unch 0.50 unch 0.05 0.07 + 0.12

0.01 0.07 0.04 0.01 0.01 0.02 0.01 0.01 0.01 0.02 0.02 0.03 0.01 0.01 0.00 0.00 0.00 0.01 0.01 0.00 0.02 0.03 0.51 0.57 0.00 0.01 0.00 0.10 0.08 0.05 0.00 0.28 0.00 0.01 0.02 0.02 0.00 0.00 0.04 0.07 0.00 0.01 0.00 0.15 1.45 1.26 0.01 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.01 0.01 0.01 0.00 0.01 0.03 0.08 0.00 0.03 0.05 0.49 0.87 0.04 0.01 0.01 0.01 0.00 0.00 0.02 0.09 0.09 0.94 1.00 0.00 0.01 0.00 0.01 0.05 0.08 0.00 0.01 0.01 0.01 0.00 0.03 0.05 0.05 0.04 0.05 0.01 0.01 0.02 0.04 0.01 0.01 0.00 0.01 0.02 0.01 0.03 0.02 0.06 0.04 0.02 0.01 0.21 0.20 0.53 0.60 0.00 0.00 0.00 0.01 0.02

0.30 3.54 2.80 0.40 0.36 0.05 1.45 0.24 0.19 0.32 0.40 0.60 0.20 0.16

0.13 1.39 1.07 0.15 0.12 0.00 1.00 0.03 0.02 0.21 0.21 0.03 0.11 0.08

0.04 0.15 0.30 0.32 0.26 0.22 0.27 9.31 11.40 0.58 0.43 0.02 1.18 0.87 0.14 0.19 4.49 0.88 0.09 0.28 0.35 0.19 0.15 0.98 2.88 0.41 0.33 0.56 0.80 29.00 22.86 1.05 1.24 0.37 0.40 0.09 0.05 0.11 0.25 0.16 0.16 0.10

0.00 0.08 0.08 0.07 0.06 0.13 0.17 5.45 6.86 0.24 0.16 0.00 0.35 0.28 0.08 0.10 1.50 0.20 0.04 0.08 0.11 0.09 0.07 0.11 0.18 0.16 0.12 0.26 0.35 18.95 14.92 0.40 0.30 0.04 0.01 0.03 0.01 0.06 0.00 0.09 0.03 0.02

0.66 2.55 1.78 1.56 0.70 0.20 7.72 20.68 0.23 0.14 0.17 0.35 0.28 0.71 1.07 4.92 3.92 9.97 12.05 0.20 0.22 0.16 0.20 1.25 1.55 1.89 2.29 0.59 0.46 0.02 0.25 0.66 0.77 0.75 0.94 0.28 0.30 0.29 0.30 0.36 0.37 0.47 0.11 0.28 0.35 0.70 0.80 0.60 0.51 0.90 0.68 10.93 8.55 12.88 16.37 0.29 1.00 0.13 0.18 0.34

0.09 0.22 1.01 0.00 0.22 0.09 2.88 11.02 0.03 0.04 0.05 0.06 0.06 0.39 0.46 1.96 1.50 1.68 2.40 0.04 0.05 0.00 0.08 0.43 0.53 0.53 0.66 0.17 0.13 0.00 0.13 0.26 0.25 0.29 0.36 0.08 0.12 0.02 0.09 0.11 0.15 0.03 0.04 0.05 0.06 0.24 0.33 0.13 0.13 0.31 0.00 4.58 3.64 6.60 8.30 0.20 0.35 0.05 0.06 0.09

Reyna Silver Rhyolite Res Richmond Mnls Ridgeline Min Ridgestone M’g* Ridgestone M’g Riley Gold* Riley Gold Rio Silver Rio Silver* Rio Tinto* Rio Tinto* Rio Tinto* Rio2 Limited Rio2 Limited* Rise Gold Corp* Rise Gold Corp Riverside Res Riverside Res* RJK Explor* RJK Explor Robex Res Rochester Res* Rochester Res Rock Tech Lith* Rock Tech Lith Rockcliff Met* Rockcliff Met Rockex Mng Rockhaven Re* Rockhaven Res Rockland Res Rockridge Res Rockwealth Res Rockwealth Res* Rogue Res* Rogue Res Rojo Res* Rokmaster Res* Rokmaster Res Romios Gold Rs Romios Gold Rs* RooGold* RooGold RosCan Gold* RosCan Gold Ross River* Ross River Rover Metals Rover Metals* Royal Fox Gold Royal Fox Gold* Royal Gold* Royal Mines &M* Royal Rd Mnrls RT Minerals* RT Minerals RTG Mining Rugby Mng Running Fox Rs* Running Fox Rs Rupert Res Rupert Res* Rusoro Mng Rusoro Mng*

V V V V O V O V V O O N O V O O C V O O V V O V O V O C C O V C V V O O V O O V V O O C O V O V V O V O D O V O V T V O V V O V O

249 80 35 127 149 96 5 33 417 191 5 15956 1 676 840 7 8 320 312 18 69 194 29 107 231 1920 64 622 259 109 117 541 1646 53 80 0 51 736 53 232 2098 7 40 23 924 1639 1 0 3015 28 1335 35 2090 49 140 50 194 47 47 0 2 119 21 270 117

0.75 1.10 0.05 0.45 0.04 0.05 0.23 0.32 0.06 0.05 70.48 71.35 75.22 0.67 0.54 0.40 0.50 0.15 0.12 0.12 0.16 0.40 0.05 0.07 7.07 8.70 0.05 0.08 0.05 0.10 0.12 0.17 0.12 0.20 0.09 0.00 0.13 0.63 0.35 0.44 0.05 0.04 0.25 0.32 0.25 0.30 0.00 0.00 0.08 0.06 0.06 0.03 99.84 0.00 0.28 0.05 0.07 0.14 0.13 0.00 0.03 4.98 3.92 0.06 0.05

S2 Minerals Sabina Gd&Slvr Sabina Gd&Slvr* Sable Res Sable Res* Sage Gold* Sailfish Rylty Saint Jean Saint Jean* Salazar Res* Salazar Res Salt Lake Pot* Sama Res Sama Res* Samco Gold San Gold Corp* San Lorenzo* San Lorenzo Sanatana Res Sanatana Res* Sandfire Res* Sandfire Res Sandstorm Gold* Sandstorm Gold Santacruz Silv Sarama Res Sarissa Res* Sassy Res Sassy Res* Satori Res* Satori Res Saturn Mnrls Savannah Min Saville Res Scandium Intl* Scandium Intl Scorpio Gold Scorpio Gold * Scotch Creek Scotch Creek* Scottie Res Scottie Res* ScoZinc Mg* ScoZinc Mg Seabridge Gld Seabridge Gld* Seahawk Gold Seahawk Gold* Search Mnls Search Mnls* Searchlight* SearchlightMin* SearchlightRes Secova Metals* Secova Metals Sego Res Select Sands Sennen Potash Sentinel Res* Sentinel Res Serabi Gold Serabi Gold* Sherritt Intl Shine Minerals Sibanye-Stillw* Sibanye-Stillw* Sidney Resrces* Sienna Res* Sienna Res Sierra Grande Sierra Grande* Sierra Madre G* Sierra Madre G Sierra Metals Sierra Metals* Sigma Lithium* Sigma Lithium Signature Res* Signature Res Silver Bear Rs* Silver Bear Rs Silver Bull Re* Silver Bull Re Silver Dollar* Silver Dollar Silver Eleph Silver Eleph* Silver Fields* Silver Grail Silver Hammer* Silver Hammer Silver One* Silver One Silver Predatr* Silver Predatr Silver Range* Silver Range Silver Sands* Silver Sands Silver Spruce* Silver Spruce Silver Valley* Silver Valley Silver Viper* Silver Viper Silver Wolf Silver Wolf* Silver X Silver X* Silvercorp Met Silvercorp Met* SilverCrest* SilverCrest Silverstock Silverton Met Sirios Res* Sirios Res Sitka Gold

C T O V O O V V O O V O V O V O O V V O O V N T V V O C O O V V V V O T V O C O V O O V T N C O V O O O V O C V V V O C T O T V O N O O V C O O V T X D V O V O T O T O C T O O V O C O V O V O V O C O V O V O V V O V O T X X T C V O V C

160 1463 557 2028 631 5 157 264 124 71 77 60 1199 354 0 21754 5 238 145 178 307 2 8401 2063 369 287 8040 1122 337 183 834 4457 0 793 427 729 202 49 315 89 634 739 0 65 237 1790 65 3 219 32 729 226 125 260 7893 112 1385 0 13 165 13 25 1033 5 2 17613 1994 134 1834 33 1 4 82 512 1644 1002 351 538 1010 54 282 239 194 53 174 4528 982 0 46 1016 1389 1131 978 6 45 4 362 79 423 187 665 5 52 387 589 28 14 1564 344 2026 5052 3135 1585 12 24 244 1077 972

0.15 1.61 1.30 0.24 0.19 0.03 1.45 0.17 0.13 0.27 0.33 0.12 0.17 0.13 0.00 0.00 0.08 0.11 0.12 0.09 0.18 0.20 6.70 8.27 0.31 0.19 0.00 0.54 0.44 0.13 0.17 4.49 0.00 0.05 0.17 0.21 0.10 0.08 0.59 0.99 0.21 0.17 0.00 0.69 22.28 17.99 0.55 0.50 0.18 0.14 0.06 0.02 0.07 0.09 0.14 0.09 0.08 0.00 0.32 0.42 1.26 0.00 0.45 0.15 3.54 15.63 0.23 0.08 0.10 0.14 0.07 0.39 0.49 3.19 2.49 9.97 12.05 0.06 0.08 0.09 0.11 0.53 0.66 0.59 0.72 0.28 0.22 0.00 0.22 0.61 0.56 0.37 0.46 0.09 0.13 0.11 0.19 0.13 0.16 0.04 0.05 0.12 0.15 0.42 0.52 0.31 0.25 0.37 0.30 5.28 4.27 7.69 9.49 0.25 0.55 0.06 0.07 0.12

Change

High Low

S 0.14 1.49 1.18 0.21 0.17 0.01 1.37 0.15 0.10 0.25 0.31 0.03 0.16 0.12 0.00 0.00 0.08 0.00 0.00 0.08 0.14 0.00 5.92 7.39 0.00 0.00 0.00 0.36 0.28 0.08 0.14 0.19 0.00 0.00 0.11 0.17 0.00 0.07 0.00 0.40 0.18 0.14 0.00 0.00 20.34 16.33 0.00 0.44 0.14 0.12 0.03 0.01 0.00 0.08 0.11 0.07 0.06 0.00 0.28 0.35 0.00 0.00 0.41 0.00 3.54 14.16 0.16 0.06 0.09 0.12 0.07 0.39 0.43 2.78 2.22 8.86 10.70 0.05 0.07 0.06 0.09 0.44 0.56 0.54 0.68 0.24 0.19 0.00 0.00 0.36 0.44 0.32 0.39 0.08 0.00 0.09 0.00 0.00 0.15 0.03 0.04 0.00 0.00 0.34 0.43 0.24 0.20 0.31 0.00 4.81 3.85 6.90 8.64 0.25 0.00 0.05 0.06 0.09

GLOBAL MINING NEWS

(100s) Stock

Week

Exc Volume

Sitka Gold* Sixty North Sixty North* Skeena Res* Skeena Res SKRR Explor Sky Gold Sky Gold* Skyharbour Res Skyharbour Res* Slam Explor* Slam Explor Slave Lake Zn Slave Lake Zn* Snowline Gold Snowy Owl Sokoman Min Sokoman Min* Solaris Res SolGold plc SolGold plc* SolidusGold Solitario Ex&R Solitario Ex&R* Solstice Gold Sonora Gld & S Sonoro Gold* Sonoro Gold SOPerior Fert South Atlantic* South Atlantic South Star Bat South Star Bat* South32* Southern Copp* Southern Emp* Southern Emp Southern Silvr Southern Silvr* SouthGobi Res Southstone Min Spanish Mtn Gd Spanish Mtn Gd* Sparton Res Sparton Res* SPC Nickel Spearmint Res* Spearmint Res Sphinx Res Spruce Ridge R SRG Mining SSR Mining* SSR Mining St Augustine St Elias Mns* St-Georges Eco* St-Georges Eco St. James Gold* St. James Gold Stakeholdr Gld Stallion Gold Standard Graph* Standard Metal* Standard Uran* Standard Uran Stans Energy Stans Energy* Star Diamond Star Diamond* Star Gold* Starcore Intl* Starcore Intl Starr Peak* Starr Peak Stellar Africa* Stellar Africa Stelmine Can Stelmine Can* Steppe Gold Steppe Gold* Sterling Metal* Sterling Metal Stevens Gold* Stevens Gold Stinger Res* Stinger Res Stone Gold Stornoway Diam* Straightup Res Stratabd Mnr* Stratabd Mnr Strateco Res* Strategic Metl* Strategic Metl Strategic Res Stria Lithium Strikepoint Gd Strikepoint Gd* Strongbow Expl Strongbow Expl* Stroud Res Stuhini Explor Stuhini Explor* Stuve Gold Sulliden Mng* Sulliden Mng Summa Silver* Summa Silver Sun Peak Metal Sun Summit Sun Summit* Suncor Energy* Suncor Energy Superior Gold* Superior Gold Superior Mng Superior Mng* Surge Battery Surge Battery* Surge Copper*

O C O O T V V O V O O V C O C C V O T T O V T X V V O V V O V V O O N O V V O T V V O V O V O C V V V D T T O O C O V V V O O O V V O T O O O T O V O V V O T O O V O C O V V O C O V O O V V V V O V O V V O V O T O V V V O N T O V V O V O O

THE NORTHERN MINER / OCTOBER 25–NOVEMBER 7, 2021

High

Low

Last

0.10 0.07 0.06 11.00 13.61 0.10 0.11 0.09 0.79 0.65 0.08 0.09 0.15 0.12 0.54 0.12 0.41 0.33 14.12 0.50 0.40 0.10 0.70 0.58 0.17 0.00 0.17 0.21 0.03 0.04 0.06 0.15 0.14 2.68 66.90 0.12 0.14 0.42 0.34 0.67 0.05 0.28 0.23 0.10 0.08 0.12 0.14 0.13 0.02 0.17 0.60 16.24 20.10 0.08 0.00 0.22 0.28 2.85 3.50 1.09 0.44 0.05 4.50 0.33 0.42 0.03 0.02 0.20 0.15 0.04 0.21 0.26 1.64 2.03 0.04 0.05 0.21 0.17 1.34 1.12 0.29 0.33 0.06 0.09 0.18 0.19 0.08 0.00 0.20 0.25 0.13 0.00 0.26 0.33 0.38 0.00 0.17 0.14 0.30 0.23 0.56 0.52 0.42 0.28 0.15 0.19 0.83 1.05 0.32 0.58 0.44 24.09 29.82 0.55 0.64 0.45 0.35 0.34 0.27 0.34

0.08 0.06 0.04 9.30 12.53 0.09 0.09 0.07 0.56 0.45 0.00 0.08 0.13 0.00 0.45 0.09 0.33 0.25 12.78 0.45 0.37 0.00 0.64 0.50 0.15 0.00 0.15 0.19 0.00 0.04 0.00 0.12 0.10 2.61 58.33 0.11 0.13 0.37 0.29 0.46 0.00 0.18 0.14 0.08 0.07 0.11 0.08 0.10 0.02 0.00 0.48 14.92 18.61 0.07 0.00 0.19 0.24 2.55 3.20 0.00 0.00 0.04 0.00 0.26 0.32 0.02 0.01 0.18 0.14 0.03 0.19 0.00 1.42 1.80 0.03 0.04 0.17 0.14 1.24 0.96 0.25 0.29 0.06 0.08 0.13 0.16 0.00 0.00 0.17 0.08 0.00 0.00 0.22 0.28 0.00 0.00 0.14 0.11 0.21 0.17 0.45 0.00 0.00 0.00 0.00 0.13 0.66 0.82 0.00 0.49 0.41 22.92 28.32 0.43 0.54 0.00 0.35 0.00 0.25 0.28

0.09 0.07 0.06 10.63 13.21 0.10 0.10 0.08 0.72 0.59 0.08 0.08 0.14 0.11 0.50 0.11 0.37 0.30 13.60 0.50 0.40 0.08 0.70 0.56 0.16 0.09 0.16 0.20 0.03 0.04 0.06 0.13 0.11 2.68 66.21 0.11 0.13 0.40 0.32 0.60 0.05 0.25 0.20 0.09 0.07 0.12 0.10 0.12 0.02 0.16 0.54 15.97 19.76 0.08 0.00 0.22 0.27 2.72 3.35 0.94 0.44 0.05 4.50 0.31 0.38 0.02 0.02 0.19 0.15 0.04 0.21 0.25 1.53 1.94 0.03 0.04 0.20 0.16 1.29 1.06 0.25 0.31 0.06 0.09 0.18 0.17 0.08 0.00 0.20 0.10 0.11 0.00 0.25 0.32 0.37 0.03 0.16 0.13 0.28 0.22 0.45 0.51 0.42 0.27 0.15 0.18 0.81 1.03 0.32 0.57 0.43 23.51 29.11 0.49 0.63 0.42 0.35 0.32 0.26 0.33

76 421 240 43 502 410 447 545 1868 856 2 178 463 93 655 2534 1278 350 1007 141 15 140 7 998 219 0 79 470 542 125 432 3298 95 3 7861 97 388 806 772 237 43 1063 1065 983 47 677 957 3174 269 308 242 5144 2409 994 15 1114 2730 44 37 72 1 2346 3 672 2474 3384 61 908 101 68 12 165 239 612 257 764 918 156 188 38 187 426 4 85 11 329 211 425 90 21 1945 5 1215 1127 97 0 700 609 3899 533 35 4 2 16 0 2651 270 502 74 282 88 31956 37522 113 951 17 1 47 230 182

(100s)

12-month Change + + + + + + + + + + + + + + + + + + + + + unch + unch + unch unch + + + unch + + unch + + unch + + unch + + + + unch + + unch + unch unch + + unch + + + + + unch unch + + unch + + + + unch unch + + unch + + + + + + + + + + + + + + + + unch +

0.02 0.01 0.00 0.38 0.47 0.01 0.01 0.00 0.14 0.14 0.00 0.01 0.02 0.01 0.03 0.01 0.02 0.01 0.47 0.03 0.02 0.02 0.06 0.05 0.01 0.00 0.01 0.00 0.01 0.00 0.00 0.02 0.02 0.07 7.61 0.00 0.01 0.02 0.01 0.03 0.00 0.06 0.05 0.01 0.00 0.00 0.02 0.02 0.00 0.03 0.04 0.82 0.86 0.01 0.00 0.01 0.02 0.02 0.00 0.08 0.00 0.00 0.00 0.04 0.06 0.00 0.01 0.02 0.00 0.00 0.03 0.01 0.02 0.02 0.01 0.00 0.00 0.01 0.01 0.04 0.01 0.01 0.00 0.01 0.05 0.01 0.01 0.00 0.01 0.02 0.00 0.00 0.01 0.02 0.01 0.00 0.01 0.01 0.06 0.03 0.08 0.02 0.00 0.05 0.06 0.05 0.12 0.18 0.02 0.08 0.01 0.41 0.30 0.04 0.07 0.06 0.00 0.02 0.01 0.08

High Low

Stock

0.27 0.09 0.07 13.60 16.49 0.38 0.25 0.21 0.87 0.70 0.12 0.16 0.43 0.38 0.75 0.25 0.78 0.64 15.20 0.69 0.54 0.20 1.56 1.25 0.18 0.10 0.32 0.39 0.06 0.13 0.18 0.31 0.25 2.68 83.29 0.49 0.41 0.70 0.55 1.39 0.10 0.49 0.39 0.21 0.16 0.80 0.36 0.27 0.03 0.17 1.05 21.80 27.79 0.20 0.00 0.99 1.19 5.16 6.50 1.12 0.60 0.50 18.00 0.39 0.51 0.04 0.18 0.30 0.25 0.08 0.27 0.35 3.56 4.05 1.00 0.14 0.29 0.22 2.67 2.41 1.00 0.92 0.29 0.38 0.29 0.35 0.28 0.01 0.35 0.26 0.38 0.01 0.52 0.69 0.52 0.09 0.33 0.26 0.30 0.26 0.90 0.72 0.60 0.55 0.15 0.20 1.41 1.71 1.17 1.35 1.09 25.73 31.38 0.69 0.84 0.80 0.63 0.36 0.35 0.46

Surge Copper Sutter Gold* Sylla Gold Syrah Res*

V O V O

Taiga Gold Taiga Gold* Tajiri Res Tajiri Res* Talisker Res Talisker Res* Talmora Diamd Talon Metals Tanqueray Expl Tantalex Res Tanzanian Gold Tanzanian Gold* Tarachi Gold Tarachi Gold* Taranis Res* Taranis Res Tarku Res Tarku Res* Tartisan Nick Tartisan Nick* Taseko Mines Taseko Mines* TDG Gold Teck Res* Teck Res Teck Res Tectonic Metal* Tectonic Metal Temas Res* Temas Res Tembo Gold Tembo Gold* Tempus Res* Tempus Res Teras Res* Teras Res Terrax Mnrls Terrax Mnrls* Terreno Res Tesoro Mnrls* Tesoro Mnrls Teuton Res* Teuton Res Texas Mineral* Themac Res Thesis Gold Theta Gold* Thor Explor* Thor Explor Three Valley Three Valley* Thunder Mtn Gd* Thunder Mtn Gd Thunderstruck Thunderstruck* Tier One Silv Timberline Res Timberline Res* Tinka Res* Tinka Res Tintina Mines Tisdale Res* Tisdale Res Titan Mining* Titan Mining Titanium Corp TNR Gold Tocvan Venture Tocvan Venture* TomaGold Tombill Mines Tombill Mines* Tombstone Expl* Tonogold Res* Torex Gold* Torex Gold Torq Resources Torq Resources* Tower Res* Tower Res Traction Expl Trailbreaker* Trailbreaker Trans Canada Trans Canada* Transatlantic* Transatlantic Transition Met Transition Met* Treasury Metal* Treasury Metal Trecora Res* Tres-Or Res Tres-Or Res* Trevali Mining* Trevali Mining Tri-River Vent Trident Gold Trifecta Gold Trifecta Gold* Trillium Gold* Trillium Gold Trilogy Mtls Trilogy Mtls* TriMetals Mng* Trinity Res* Trinity Valley Trinity Valley* Triple Flag TriStar Gold* TriStar Gold Triumph Gold Triumph Gold*

C O V O T O C T V C T X C O O V V O C O T X V N T T O V O C V O O V O V V O V O V O V O V V O O V V O O V V O V V O O V V O V O T V V C O V V O O O O T V O O V C O V V O O V V O O T N V O O T V V V O O V T X O O V O T O V V O

0.07 0.05 0.04 9.27 8.76 0.09 0.09 0.06 0.15 0.11 0.00 0.06 0.07 0.11 0.19 0.05 0.15 0.11 4.30 0.35 0.28 0.07 0.51 0.38 0.06 0.04 0.13 0.16 0.02 0.04 0.04 0.04 0.02 1.43 45.88 0.11 0.13 0.27 0.21 0.01 0.04 0.17 0.13 0.04 0.02 0.11 0.03 0.05 0.01 0.06 0.41 13.68 17.29 0.05 0.00 0.04 0.05 0.15 0.10 0.19 0.29 0.04 1.01 0.12 0.12 0.01 0.00 0.15 0.11 0.01 0.16 0.20 1.25 1.68 0.01 0.04 0.05 0.12 1.19 0.93 0.20 0.24 0.04 0.06 0.02 0.10 0.06 0.00 0.13 0.02 0.10 0.00 0.21 0.28 0.22 0.02 0.12 0.10 0.08 0.05 0.45 0.38 0.31 0.19 0.00 0.05 0.60 0.78 0.29 0.18 0.14 10.67 14.28 0.35 0.45 0.40 0.35 0.06 0.03 0.23

Week

Exc Volume

Last

12-month

High

Low

Change

High Low

4208 75 0 82

0.45 0.00 0.00 0.84

0.32 0.00 0.00 0.77

0.42 + 0.00 unch 0.30 unch 0.84 +

0.07 0.00 0.00 0.09

0.85 0.05 0.30 1.18

0.29 0.00 0.10 0.30

525 83 323 208 1458 510 800 4198 108 3716 70 2618 366 177 2 0 162 30 227 82 2745 10596 365 17333 9062 13 120 628 170 315 160 6 3 18 90 17 1233 389 380 0 80 32 88 663 0 591 37 21 703 1624 938 77 0 109 79 428 82 208 167 734 4 0 1 15 676 147 131 353 48 100 470 180 9 75 102 2475 179 55 20 367 10 1 86 5 32 1 233 119 57 129 295 158 35 5 10198 30889 0 0 3 8 34 181 126 1568 32 43 122 2 84 211 1231 214 16

0.21 0.16 0.07 0.06 0.26 0.21 0.03 0.70 8.36 0.09 0.63 0.51 0.18 0.15 0.09 0.00 0.09 0.07 0.47 0.44 2.91 2.35 0.75 29.48 36.50 40.00 0.09 0.11 0.18 0.21 0.19 0.15 0.13 0.17 0.03 0.04 0.25 0.20 0.05 0.04 0.05 2.05 2.39 1.93 0.00 1.44 0.17 0.72 0.30 0.55 0.44 0.17 0.00 0.09 0.07 1.07 0.22 0.17 0.19 0.23 0.03 0.00 0.80 0.62 0.77 0.38 0.06 1.12 0.75 0.07 0.15 0.12 1.85 0.12 11.77 14.49 0.69 0.54 0.04 0.05 0.34 0.21 0.31 0.12 0.10 0.03 0.04 0.18 0.14 0.69 0.85 8.29 0.09 0.06 0.20 0.25 0.00 0.00 0.09 0.07 0.52 0.64 2.77 2.24 0.17 0.43 0.06 0.04 11.25 0.23 0.28 0.16 0.12

0.20 0.16 0.00 0.05 0.24 0.00 0.02 0.62 7.38 0.08 0.56 0.45 0.14 0.12 0.09 0.00 0.08 0.06 0.40 0.34 2.42 1.93 0.57 27.18 32.85 36.98 0.00 0.10 0.15 0.19 0.17 0.13 0.13 0.00 0.03 0.00 0.19 0.00 0.00 0.04 0.00 0.00 2.25 1.45 0.00 1.37 0.00 0.22 0.00 0.35 0.28 0.11 0.00 0.07 0.06 0.80 0.18 0.14 0.14 0.18 0.00 0.00 0.00 0.00 0.69 0.33 0.05 0.87 0.00 0.00 0.12 0.10 0.00 0.11 10.47 13.41 0.60 0.46 0.03 0.04 0.28 0.00 0.00 0.00 0.08 0.03 0.00 0.00 0.13 0.52 0.67 7.89 0.00 0.06 0.15 0.19 0.00 0.00 0.00 0.04 0.45 0.59 2.19 1.80 0.12 0.00 0.00 0.04 10.85 0.20 0.24 0.14 0.00

0.20 unch 0.16 0.07 + 0.05 0.26 + 0.20 + 0.03 unch 0.68 + 8.19 + 0.09 + 0.61 + 0.49 + 0.17 + 0.14 + 0.09 unch 0.11 unch 0.09 unch 0.06 0.47 + 0.38 + 2.77 + 2.25 + 0.70 + 29.24 + 36.17 + 40.00 + 0.08 + 0.11 + 0.16 0.20 + 0.19 unch 0.13 0.13 unch 0.17 + 0.03 unch 0.04 unch 0.22 + 0.18 + 0.05 unch 0.04 unch 0.05 unch 1.87 + 2.31 + 1.89 + 0.07 unch 1.38 0.16 + 0.24 + 0.30 + 0.51 + 0.40 + 0.13 0.14 unch 0.09 + 0.07 1.05 + 0.21 + 0.16 + 0.19 + 0.23 + 0.03 unch 0.65 unch 0.80 unch 0.57 + 0.69 0.36 + 0.06 unch 1.02 + 0.75 0.07 + 0.15 + 0.12 + 1.69 0.12 + 11.51 + 14.31 + 0.64 + 0.52 + 0.03 0.05 + 0.34 + 0.21 0.27 0.12 unch 0.10 + 0.03 unch 0.04 unch 0.18 + 0.13 0.63 + 0.78 + 7.94 0.09 unch 0.06 unch 0.18 + 0.23 + 0.04 unch 0.10 unch 0.08 0.07 + 0.50 0.61 2.67 + 2.15 + 0.16 0.43 + 0.06 + 0.04 unch 10.88 0.20 + 0.26 + 0.15 unch 0.11 +

0.00 0.00 0.01 0.01 0.01 0.00 0.00 0.05 0.64 0.01 0.03 0.02 0.02 0.02 0.00 0.00 0.00 0.00 0.04 0.02 0.34 0.30 0.13 2.54 2.89 3.00 0.00 0.01 0.00 0.01 0.00 0.01 0.00 0.01 0.00 0.00 0.02 0.02 0.00 0.00 0.00 0.06 0.06 0.41 0.00 0.03 0.04 0.01 0.02 0.16 0.12 0.03 0.00 0.01 0.01 0.25 0.02 0.01 0.04 0.04 0.00 0.00 0.00 0.02 0.03 0.02 0.00 0.09 0.09 0.01 0.01 0.01 0.29 0.01 0.63 0.82 0.03 0.02 0.01 0.01 0.06 0.03 0.04 0.00 0.02 0.00 0.00 0.02 0.00 0.09 0.10 0.20 0.00 0.00 0.03 0.04 0.00 0.00 0.01 0.02 0.01 0.03 0.40 0.36 0.00 0.03 0.01 0.00 0.32 0.00 0.02 0.00 0.00

0.28 0.24 0.20 0.15 0.44 0.34 0.15 0.90 26.25 0.12 2.12 1.91 0.50 0.43 0.16 0.16 0.25 0.14 0.56 0.55 3.22 2.67 0.69 29.00 35.87 42.50 0.25 0.18 1.78 2.27 0.24 0.18 0.21 0.33 0.08 0.10 0.43 0.33 0.07 0.12 0.17 2.75 3.29 4.70 0.12 1.75 0.48 1.00 0.45 1.02 0.69 0.21 0.19 0.14 0.11 1.90 0.51 0.40 0.24 0.30 0.08 1.65 2.10 0.99 1.10 0.65 0.09 1.67 1.18 0.11 0.33 0.35 2.97 0.42 17.27 21.86 1.07 0.86 0.12 0.15 0.73 0.38 0.49 0.30 0.24 0.05 0.07 0.26 0.20 1.17 1.53 9.17 0.20 0.14 0.23 0.28

0.14 0.12 0.06 0.05 0.24 0.19 0.02 0.27 6.39 0.01 0.48 0.36 0.14 0.12 0.07 0.08 0.08 0.06 0.21 0.00 1.04 0.78 0.24 11.91 15.81 18.90 0.07 0.09 0.14 0.18 0.10 0.08 0.12 0.14 0.03 0.04 0.17 0.14 0.03 0.03 0.05 1.62 2.02 1.23 0.06 0.52 0.00 0.16 0.17 0.14 0.15 0.11 0.11 0.06 0.05 0.76 0.16 0.13 0.11 0.16 0.03 0.50 0.45 0.00 0.28 0.24 0.04 0.32 0.75 0.05 0.09 0.08 1.45 0.11 9.37 12.21 0.55 0.43 0.03 0.04 0.20 0.18 0.20 0.10 0.08 0.02 0.03 0.13 0.07 0.52 0.65 5.79 0.08 0.05 0.09 0.12

0.12 0.13 0.19 1.55 1.96 3.70 3.06 0.17 0.43 0.14 0.11 16.46 0.28 0.37 0.26 0.20

0.10 0.06 0.00 0.45 0.59 1.90 1.43 0.06 0.00 0.04 0.04 10.50 0.15 0.19 0.12 0.10

T

(100s) Stock

Week

Exc Volume

Low

0.60 0.69 + 0.72 0.89 + 0.00 0.08 + 0.03 0.03 + 0.10 0.12 + 0.14 0.14 0.06 0.06 unch 0.00 0.09 unch 0.00 0.77 1.69 1.85 2.18 2.27 0.50 0.50 0.40 0.41 11.92 13.13 14.74 16.23 0.00 0.05 0.04 0.04 0.00 0.00 0.00 0.01 unch

Troilus Gold* Troilus Gold Troubadour Res Troy Res* TRU Precious* TRU Precious True North Gem* True North Gem Tsodilo Res Tudor Gold * Tudor Gold Turmalina Met Turmalina Met* Turquoise HIl* Turquoise HIl TVI Pacific TVI Pacific* Tyhee Gold* Tymbal Res

O T V O O V O V V O V V O N T V O O V

213 1202 77 320 66 198 1 0 24 156 602 704 1020 6046 2427 218 14 458 17

0.70 0.89 0.08 0.03 0.19 0.16 0.06 0.00 0.80 2.00 2.47 0.58 0.47 15.70 19.42 0.05 0.04 0.00 0.01

U.S. Gold* U3O8 Corp U3O8 Corp* Ubique Mineral UC Res* Ucore Rare Mtl* Ucore Rare Mtl UEX Corp Ultra Resource* Ultra Resource Umbral Enrgy* Unigold* Unigold United Battery* United Battery United Res Hdg* United States A* United States S* Universal Cop* Universal Cop Universal Vent Ur-Energy* Ur-Energy Uragold Bay Rs Uranium Energy* Uranium Hunter* Uranium Res* Uranium Roylty Uranium Roylty* Uravan Mnrls Uravan Mnrls* USCorp* Usha Res* Usha Res Val-d’Or Mg Val-d’Or Mg* Vale* Valley High Mg* ValOre Metals* ValOre Metals Valorem Res Valterra Res* Valterra Res Vanadian Enrgy* Vanadian Enrgy Vanstar Mng Rs* Vanstar Mng Rs Vantex Res Vantex Res * Velocity Mnrls* Velocity Mnrls Vendetta Mng* Vendetta Mng Venerable Vent Venture Mnrls* Verde Potash Verde Res* Vertical Expl Vertical Expl* Victoria Gold* Victoria Gold Victory Nickel Victory Nickel* Victory Res Victory Res* Virginia Enrgy Virginia Enrgy* Viscount Mng Visible Gold M Vision Lithium Vision Lithium* Visionary Gold Vista Gold Vista Gold* Viva Gold* Viva Gold Vizsla Copper Vizsla Silver* Vizsla Silver Volatus Cap Volcanic Gold* Volcanic Gold Voyager Metals Voyager Metals* Voyageur Min Voyageur Min* Voyageur Min VR Resources VR Resources* Vulcan Mnrls Vulcan Mnrls* VVC Expl VVC Expl*

D 83 V 473 O 130 C 0 O 2906 O 207 V 84 T 9885 O 28 V 337 O 646 O 214 V 1349 O 2919 C 3992 O 413 X 4643 N 93116 O 3 V 499 V 66 X 17851 T 2051 V 824 X 46507 O 1942 X 12916 V 1713 D 9061 V 9 O 2 O 426 O 100 V 108 V 55 O 33 N 126124 O 1457 O 364 V 869 C 747 O 1 V 22 O 166 V 131 O 171 V 564 V 0 O 1 O 29 V 142 O 122 V 3294 V 0 O 137 T 672 O 35 V 1874 O 20 O 147 T 763 C 298 O 7 C 1615 O 301 V 433 O 281 V 251 V 124 V 19737 O 2175 V 63 T 111 X 1807 O 130 V 177 V 756 O 426 V 917 C 10 O 98 V 492 V 260 O 2 V 25 O 8 C 355 V 128 O 84 V 934 O 183 V 393 O 454

10.25 0.44 0.37 0.00 10.73 0.73 0.90 0.56 0.23 0.28 0.05 0.09 0.11 0.71 0.88 0.03 0.89 22.88 0.08 0.10 2.32 1.92 2.39 0.70 3.65 0.03 4.19 6.25 5.07 0.36 0.32 0.05 0.30 0.36 0.14 0.11 15.10 0.03 0.32 0.40 0.13 0.04 0.05 0.08 0.10 0.34 0.43 0.00 0.15 0.35 0.43 0.06 0.06 0.00 0.04 1.48 0.06 0.16 0.12 14.76 18.24 0.02 0.01 0.08 0.07 0.48 0.36 0.45 0.08 0.23 0.19 0.16 0.95 0.76 0.13 0.17 0.29 2.06 2.56 0.12 0.32 0.38 0.14 0.11 0.11 0.08 0.47 0.32 0.26 0.30 0.25 0.18 0.16

Walker Lane* Walker River*

O O

Last

12-month

High

Change

Stock

0.10 0.15 0.01 0.00 0.01 0.01 0.00 0.00 0.03 0.00 0.05 0.06 0.04 1.42 1.96 0.01 0.00 0.00 0.00

1.22 1.42 0.30 0.27 0.41 0.52 0.19 0.25 1.46 3.00 3.65 1.21 0.98 21.89 26.45 0.06 0.06 0.01 0.05

0.53 0.68 0.06 0.02 0.02 0.12 0.06 0.08 0.09 1.60 2.01 0.52 0.42 7.49 9.80 0.02 0.01 0.00 0.01

+ + + unch + + + + + + + + + + + + + unch + + + + + + + + + + + + + + + + unch unch unch + + + unch + unch + + unch + + + + unch + + + unch + + + unch + + + + + + unch unch + + + -

0.13 0.05 0.08 0.00 0.53 0.05 0.04 0.10 0.05 0.09 0.00 0.00 0.01 0.28 0.36 0.01 0.02 1.41 0.01 0.01 0.00 0.29 0.37 0.02 0.51 0.00 0.02 1.12 0.91 0.04 0.04 0.00 0.01 0.02 0.03 0.02 0.21 0.00 0.02 0.02 0.01 0.00 0.01 0.01 0.02 0.00 0.00 0.00 0.00 0.03 0.02 0.01 0.01 0.00 0.00 0.09 0.02 0.01 0.00 2.25 2.62 0.00 0.00 0.01 0.02 0.03 0.02 0.00 0.01 0.06 0.05 0.01 0.00 0.04 0.01 0.01 0.03 0.19 0.28 0.03 0.00 0.01 0.02 0.00 0.01 0.00 0.09 0.00 0.00 0.05 0.02 0.01 0.00

17.40 0.70 0.55 0.10 30.20 2.36 2.97 0.60 0.23 0.28 0.19 0.40 0.51 1.46 1.80 0.04 2.56 30.57 0.15 0.21 3.25 2.10 2.63 1.68 3.77 0.27 11.45 7.11 5.60 0.70 0.55 0.07 0.30 0.38 0.18 0.24 23.18 0.20 0.36 0.45 0.44 0.09 0.12 0.10 0.13 2.32 1.58 0.38 0.27 0.47 0.61 0.07 0.08 0.13 0.12 1.97 1.00 0.30 0.19 18.50 22.54 0.10 0.08 0.60 0.49 0.80 0.64 0.55 0.38 0.95 0.74 0.24 1.72 1.40 0.31 0.39 0.38 2.37 2.86 0.25 0.55 0.69 0.36 0.32 0.35 0.25 0.49 0.68 0.55 0.33 0.80 0.30 0.50

8.01 0.11 0.03 0.03 0.43 0.60 0.70 0.12 0.04 0.04 0.00 0.08 0.10 0.27 0.40 0.01 0.31 8.28 0.06 0.06 1.05 0.42 0.55 0.47 0.82 0.02 3.25 1.06 0.81 0.15 0.05 0.00 0.15 0.18 0.09 0.08 10.39 0.01 0.16 0.21 0.08 0.03 0.04 0.03 0.04 0.31 0.39 0.16 0.03 0.31 0.41 0.01 0.04 0.10 0.03 0.59 0.01 0.03 0.01 8.18 10.42 0.01 0.01 0.05 0.04 0.07 0.05 0.31 0.07 0.02 0.01 0.07 0.85 0.67 0.10 0.13 0.21 0.99 1.26 0.01 0.26 0.30 0.09 0.00 0.04 0.03 0.24 0.23 0.18 0.05 0.04 0.04 0.03

0.60 unch 0.05 +

0.00 0.01

Walker River Wallbridge Mng* Wallbridge Mng Waraba Gold Warrior Gold* Warrior Gold Waseco Res Wealth Mnrls* Wealth Mnrls Wedgemount Res Wescan Gldflds Wesdome Gold* Wesdome Gold West High Yld West Mining West Mining* West Oak Gold West Red Lake* West Red Lake West Vault Western Areas* Western Atlas* Western Atlas Western Copper* Western Copper Western Gold Western Mag Western Mag* Western Potash Western Res* Western Troy C Western U&V Western U&V* Westgold Res* Westhaven Gold Westhaven Gold* Westkam Gold* Westkam Gold Westminster Rs Westminster Rs* WestMountain* Westward Gold Wheaton Prec Wheaton Prec* White Energy* White Gold* White Gold White Metal R* White Metal Rs White Mtn Engy* Whitehaven Coa* Whitehorse GC Wildsky Res Winshear Gold Winshear Gold* Winston Gold Winston Gold* Winston Res Wolfden Res* Wolfden Res Wolfeye Res World Copper Worldwide Res X-Terra Res X-Terra Res* Xanadu Mines Xanadu Mines* Xander Res* Xander Res Xemplar Egy* Xiana Mng* Ximen Mining Ximen Mining* Xplore Res Xtierra Inc Xtra-Gold Res* Xtra-Gold Res Yamana Gold Yamana Gold* Yanzhou Coal* Yorbeau Res* Yorbeau Res Zacatecas Silv Zacatecas Silv* ZEB Nickel ZEN Graphene ZEN Graphene* Zena Mining Zephyr Mnls* Zephyr Mnls Zimtu Capital Zinc One Res Zinc One Res * Zincore Mtls Zincore Mtls* ZincX Res ZincX Res* Zonte Metals* Zonte Metals

U-V 9.72 0.33 0.21 0.00 9.15 0.60 0.82 0.41 0.00 0.00 0.04 0.00 0.10 0.41 0.50 0.02 0.83 21.21 0.07 0.08 2.20 1.54 1.91 0.65 2.88 0.03 3.37 4.75 3.95 0.00 0.28 0.04 0.26 0.00 0.00 0.09 14.26 0.03 0.27 0.34 0.12 0.04 0.00 0.05 0.00 0.31 0.39 0.00 0.15 0.32 0.00 0.03 0.04 0.00 0.03 1.27 0.04 0.13 0.12 11.37 15.51 0.02 0.01 0.05 0.04 0.35 0.27 0.42 0.00 0.11 0.08 0.00 0.85 0.69 0.12 0.00 0.24 1.68 2.15 0.00 0.28 0.34 0.11 0.10 0.00 0.00 0.34 0.31 0.23 0.25 0.16 0.17 0.13

10.05 0.39 0.35 0.06 9.33 0.73 0.89 0.51 0.21 0.28 0.05 0.08 0.11 0.71 0.88 0.03 0.86 22.11 0.07 0.09 2.24 1.84 2.29 0.67 3.41 0.03 3.42 5.88 4.74 0.36 0.28 0.05 0.28 0.35 0.12 0.09 14.78 0.03 0.29 0.37 0.12 0.04 0.04 0.08 0.10 0.33 0.41 0.19 0.15 0.35 0.40 0.05 0.05 0.12 0.03 1.38 0.04 0.13 0.12 14.71 18.18 0.02 0.01 0.07 0.06 0.39 0.31 0.44 0.08 0.17 0.13 0.16 0.91 0.75 0.13 0.16 0.25 1.95 2.45 0.09 0.29 0.36 0.14 0.11 0.11 0.08 0.42 0.31 0.25 0.29 0.23 0.17 0.14

W-Z 1 100

0.60 0.05

0.60 0.00

(100s)

High Low

0.60 0.03 0.11 0.01

Exc Volume V O T C O V V O V C V O T V C O C O C V O O V X T V V O T O V C O O V O O V V O O C T N O O V O V O O V V V O C O C O V V V V V O T O O V O O V O V V O T T N O O T V O V V O V O V V V O V O V O O V

86 871 3410 13 22 124 50 3867 3086 11 50 532 2618 71 368 77 25 302 1038 19 17 1 234 2452 881 59 816 901 229 6 2 429 356 15 772 269 5 2 193 0 0 245 5071 11507 4 83 218 159 750 409 438 99 15 208 1 542 858 772 476 1877 188 263 0 1254 107 994 20 32 500 1 0 180 32 61 87 5 13 15305 53387 4 0 1397 244 98 35 916 268 0 17 24 34 21 8 0 2 523 0 1 86

Week

23

12-month

High

Low

Last

Change

0.06 0.48 0.60 0.19 0.06 0.07 0.04 0.55 0.67 0.37 0.07 9.44 11.38 0.27 0.15 0.12 0.15 0.05 0.07 1.12 2.40 0.07 0.09 1.91 2.36 0.17 0.50 0.40 0.20 0.07 0.17 3.69 2.96 1.46 0.41 0.33 0.11 0.13 0.26 0.19 0.00 0.14 51.38 41.51 0.08 0.44 0.54 0.06 0.08 0.03 2.59 0.73 0.17 0.12 0.08 0.06 0.05 0.48 0.17 0.18 0.55 0.44 0.00 0.06 0.05 0.04 0.03 0.14 0.19 0.01 0.00 0.25 0.20 0.08 0.05 0.78 1.03 5.46 4.42 1.88 0.03 0.04 0.80 0.65 0.23 5.06 4.24 0.00 0.13 0.16 0.24 0.72 0.57 0.00 0.00 0.16 0.00 0.16 0.21

0.00 0.06 unch 0.43 0.47 + 0.53 0.60 + 0.19 0.19 + 0.00 0.06 + 0.00 0.07 unch 0.00 0.04 + 0.43 0.48 + 0.54 0.59 + 0.35 0.35 0.00 0.07 + 8.22 9.07 + 10.17 11.21 + 0.25 0.25 0.12 0.15 + 0.10 0.12 + 0.15 0.15 unch 0.05 0.05 + 0.06 0.07 + 0.00 1.10 unch 2.26 2.40 + 0.07 0.07 unch 0.00 0.09 + 1.49 1.80 + 1.86 2.21 + 0.00 0.17 0.42 0.46 0.35 0.37 0.19 0.20 unch 0.07 0.07 unch 0.00 0.17 + 2.78 3.40 + 2.20 2.76 + 1.33 1.45 + 0.39 0.40 + 0.32 0.32 + 0.00 0.10 0.00 0.13 unch 0.00 0.25 unch 0.00 0.19 + 0.00 0.35 unch 0.12 0.12 47.15 50.75 + 37.67 41.01 + 0.08 0.08 unch 0.40 0.43 + 0.51 0.53 + 0.06 0.06 0.07 0.08 unch 0.03 0.03 2.40 2.47 + 0.72 0.72 0.00 0.17 + 0.00 0.12 + 0.08 0.08 unch 0.05 0.06 0.04 0.04 0.40 0.42 + 0.10 0.13 0.15 0.16 0.45 0.47 0.42 0.42 0.00 0.05 unch 0.05 0.05 0.00 0.04 0.00 0.04 + 0.03 0.03 unch 0.07 0.14 + 0.13 0.16 + 0.00 0.01 unch 0.00 0.05 unch 0.21 0.24 + 0.17 0.20 + 0.00 0.08 + 0.00 0.05 unch 0.00 0.78 + 0.95 1.01 + 5.07 5.39 + 4.04 4.36 + 1.81 1.81 0.00 0.03 unch 0.00 0.04 unch 0.64 0.75 + 0.51 0.61 + 0.00 0.21 4.60 4.79 3.70 3.83 0.00 0.15 unch 0.12 0.12 + 0.00 0.15 0.21 0.21 0.00 0.67 0.00 0.56 0.00 0.05 unch 0.00 0.00 unch 0.00 0.15 + 0.00 0.10 unch 0.16 0.16 unch 0.00 0.20 -

0.00 0.04 0.06 0.01 0.00 0.00 0.01 0.03 0.03 0.02 0.01 0.85 0.98 0.01 0.02 0.01 0.00 0.00 0.01 0.00 0.15 0.00 0.02 0.32 0.33 0.01 0.01 0.00 0.00 0.00 0.01 0.59 0.48 0.13 0.01 0.00 0.00 0.00 0.00 0.01 0.00 0.01 3.12 2.80 0.00 0.03 0.02 0.00 0.00 0.01 0.07 0.01 0.01 0.03 0.00 0.01 0.00 0.01 0.01 0.01 0.09 0.01 0.00 0.01 0.00 0.01 0.00 0.06 0.03 0.00 0.00 0.02 0.03 0.03 0.00 0.02 0.03 0.27 0.26 0.01 0.00 0.00 0.07 0.10 0.03 0.04 0.06 0.00 0.00 0.01 0.01 0.05 0.01 0.00 0.00 0.02 0.00 0.00 0.01

High Low 0.14 0.80 0.98 0.45 0.11 0.14 0.07 0.56 0.70 0.79 0.15 10.74 14.16 0.43 1.70 1.16 0.19 0.11 0.15 1.99 2.43 0.12 0.15 2.83 3.35 0.69 0.96 0.76 0.37 0.19 0.30 4.18 3.28 2.05 1.06 0.81 0.22 0.30 0.39 0.32 6.00 0.33 67.53 51.43 0.11 0.82 1.05 0.12 0.17 0.05 2.64 4.80 0.36 0.13 0.09 0.19 0.18 2.34 0.40 0.36 1.54 0.78 0.09 0.17 0.13 0.11 0.05 0.20 0.28 2.00 0.13 0.55 0.38 0.14 0.21 1.22 1.53 8.27 6.30 2.05 0.06 0.07 1.89 1.05 0.75 5.99 4.75 0.25 0.19 0.24 0.30 5.00 1.27

0.06 0.33 0.48 0.19 0.01 0.06 0.02 0.06 0.09 0.25 0.06 6.05 7.78 0.13 0.12 0.10 0.13 0.04 0.05 0.90 1.25 0.04 0.05 0.95 1.24 0.14 0.10 0.08 0.15 0.07 0.13 0.53 0.39 1.15 0.39 0.31 0.10 0.11 0.14 0.10 0.35 0.08 44.09 34.85 0.08 0.37 0.48 0.05 0.06 0.00 0.66 0.57 0.13 0.08 0.06 0.05 0.03 0.22 0.10 0.15 0.36 0.29 0.04 0.05 0.04 0.03 0.02 0.07 0.09 0.00 0.02 0.18 0.14 0.05 0.04 0.65 0.87 4.82 3.82 0.74 0.01 0.04 0.52 0.45 0.16 0.76 0.59 0.08 0.10 0.12 0.11 0.62 0.01

0.04 0.23 0.19 0.21 0.30

0.00 0.10 0.07 0.13 0.17

BID-ASK — OCTOBER 11–15, 2021 12-MONTH STOCK

79 Resources Aftermath Silv Alacer Gold Anglo-Bomarc Apex Res Arctic Fox Ven Arcturus Vent Atlanta Gold AUQ Gold Aurelius Min Aurex Energy Aust Goldfield Avarone Metals Aya Gold Baden Res Banro Corp* Barker Min Boss Power Brunswick Res Buccaneer Gold Bullion Gold C2C Gold Cache Explor Cadillac Vent Cerro de Pasc Cerro Grande Cirrus Gold Cliffs Nat Res* Crystal Peak Electra Stone Encanto Potash Equitorial Ex Everton Res Evolution Glob Excalibur Res Exploits Disc Explorex Res Finore Mng GAR Limited

EXC

BID

ASK

C V T V V C V V V V V C C T C X V V V C V C V V C C C N V V V V V C C C C C C

0.10 0.24 9.41 0.08 0.07 0.16 0.02 0.03 0.33 0.13 0.04 ... ...

1.94 0.14 0.11 0.01 0.17 ...

0.06 0.06 ...

0.16 0.05 ...

0.02 0.17 1.45 0.01 0.01 0.06 0.08 0.10 0.50 0.09 ...

6.55 0.12 ...

0.10 0.25 9.52 0.08 0.11 0.28 0.03 0.04 0.40 0.14 0.06 ... ...

2.19 0.17 0.11 0.01 0.20 0.05 0.07 0.15 ...

0.17 0.06 ...

0.02 0.22 3.20 0.02 0.02 0.07 0.08 0.10 4.00 0.10 ...

7.50 0.12 ...

12-MONTH

LAST

HIGH

LOW

STOCK

0.12 0.25 9.47 0.15 0.10 0.14 0.03 0.03 0.40 0.14 0.05 0.47 0.04 2.01 0.15 0.11 0.01 0.17 0.03 0.06 0.10 0.11 0.16 0.05 0.29 0.02 0.22 1.43 0.01 0.01 0.06 0.08 0.03 2.00 0.10 0.59 7.39 0.11 0.15

0.25 0.33 10.82

0.10 0.05 3.50

0.14 0.16 0.13 0.04 0.40 0.15

0.09 0.14 0.01 0.03 0.29 0.03

0.47 0.15 2.50 0.20 2.10

0.42 0.03 0.82 0.13 0.10

General Moly* Genius Metals Gespeg Res Gldn Predator Global Cop Grp Go Cobalt Goldblock Cap Golden Cariboo GoldHaven Res Goldshore Res Great Lakes Gr Green Arrow Handa Mining Highvista Gold Indico Res Inspiration Mg Intl Battery Intl Cobalt Iron South Mng Ivor Explor K9 Gold Karora Res Kodiak Copper La Imperial Latin Metals Leo Res Lida Resources Lithium South MAG Silver* Mansa Explor Mich Resources Minecorp Egy Mongoose Mg Montana Gold Napier Vent Navis Res Corp New Klondike Nexco Res North Valley

0.14 0.28 0.15 0.33 0.17 0.34 0.04 0.25 7.17 0.10

0.05 0.01 0.03 0.09 0.05 0.12 0.02 0.12 0.98 0.01

0.12 0.37

0.05 0.07

2.00 0.11 0.62 10.50

2.00 0.01 0.13 6.50

4.13

0.13

EXC

X C V V V C C V C V V V V V V C C C V C V T V C V C C V X C C V C C V C V C C

BID

... ...

0.06 0.15 0.07 0.18 ...

0.10 ... ...

0.05 0.02 0.04 ... ... ... ...

0.20 0.24 0.33 0.17 0.47 0.05 0.04 0.03 ... ...

0.31 12.52 0.25 0.37 ... ...

0.09 0.06 ...

0.01 ...

0.06

12-MONTH

ASK

LAST

HIGH

LOW

STOCK

... ...

0.06 0.17 0.08 0.26 ...

0.12 ...

375.00 0.05 0.03 0.05 ...

0.01 ... ...

0.25 0.27 0.38 0.24 0.48 0.06 0.15 0.04 ... ...

0.34 13.30 0.25 0.50 ...

0.12 0.10 ... ...

0.01 ...

0.12

0.11 0.22 0.06 0.16 0.08 0.19 0.32 0.10 0.42 0.11 0.04 0.02 0.04 0.17 0.01 0.03 0.31 0.26 0.24 0.32 0.24 0.48 0.05 0.06 0.03 1.09 0.24 0.31 12.52 0.19 0.37 0.12 0.12 0.10 0.07 0.30 0.01 0.30 0.10

100.00 0.28 0.10 0.36 0.11 1.20 0.32 0.15 0.45 1.20

0.10 0.16 0.06 0.12 0.04 0.18 0.17 0.02 0.06 0.48

0.04 0.06

0.02 0.01

NSJ Gold O2Gold Parlane Res Pasinex Res Patriot Batt Patriot Gold Phenom Res PPX Mining Primary Energy Prismo Metals Project One Prospero Silvr Quinto Res Rain City Rare Element* Razore Rock Res Reliant Gold Rizal Res Rockland Mnls Silver Phoenix Silverstock Southern Arc Southstone Min Standard Lith Supernova Met Talmora Diamd Tiger Intl Trench Metals TriMetals Mng Vale* ValOre Metals Vanadiumcorp Vatic Vent West Oak Gold Whitemud Res Winshear Gold Xiana Mng Zara Res Zinco Mng

1.08 0.28 0.42 0.28 0.73 0.13 0.09 0.16

0.06 0.04 0.28 0.16 0.20 0.04 0.05 0.02

0.27 0.66 14.40 0.22 0.48 0.20 0.22 0.10

0.13 0.24 6.12 0.08 0.22 0.07 0.05 0.02

0.40 0.10

0.13 0.10

EXC

BID

C V V C V C V V C C C V V C X C C V V C C V V V V C V V T N V V V C V V V C V

0.10 0.23 0.15 0.02 0.09 0.09 0.68 0.04 ...

0.32 0.35 0.55 0.05 0.07 0.11 0.11 ...

0.01 0.07 0.36 0.20 0.32 0.01 6.65 0.05 0.02 ...

0.55 0.11 ...

0.06 0.10 0.05 0.11 0.01 0.12 0.07 ...

0.05

ASK

0.21 0.27 0.15 0.03 0.10 0.14 0.71 0.05 ...

0.40 0.38 1.18 0.07 0.09 0.16 0.15 0.10 0.02 0.08 0.47 0.25 0.90 0.01 6.95 0.06 0.03 0.17 0.55 0.12 ...

0.07 0.10 ...

0.19 0.02 0.14 0.08 ...

0.07

LAST

0.10 0.23 0.15 0.03 0.10 0.10 0.69 0.04 0.17 0.35 0.37 0.56 0.08 0.08 0.15 0.11 0.02 0.02 0.08 0.41 0.25 0.89 0.01 6.95 0.06 0.03 0.15 0.55 0.12 10.24 0.07 0.09 0.10 0.15 0.02 0.14 0.08 0.07 0.05

HIGH

LOW

0.37 0.37 0.84 0.09 0.18 0.50 0.76 0.06 0.82 0.62 0.50 1.35

0.10 0.06 0.11 0.01 0.08 0.09 0.24 0.04 0.16 0.19 0.18 0.51

0.12 0.89 0.25

0.05 0.06 0.06

0.11 0.90 0.29 0.93 0.04 6.95 0.19 0.15 0.30 0.22 0.12 11.10 0.13 0.13

0.01 0.41 0.20 0.24 0.01 1.02 0.05 0.02 0.07 0.04 0.03 6.57 0.07 0.04

0.19 0.03 0.15 0.12 0.22

0.13 0.01 0.05 0.06 0.07

24

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